Michelmersh Brick’s (MBH) “Buy” Rating Reiterated at Berenberg Bank

Berenberg Bank reiterated their buy rating on shares of Michelmersh Brick (LON:MBH) in a research report released on Wednesday,Digital Look reports. They currently have a GBX 120 price target on the stock.

Separately, Canaccord Genuity Group reissued a “buy” rating and set a GBX 130 price objective on shares of Michelmersh Brick in a research report on Thursday, May 21st. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of GBX 125.

Michelmersh Brick Stock Down 0.6%

Michelmersh Brick stock opened at GBX 74.52 on Wednesday. The company has a quick ratio of 1.56, a current ratio of 1.72 and a debt-to-equity ratio of 9.44. Michelmersh Brick has a 12-month low of GBX 66 and a 12-month high of GBX 101. The firm’s fifty day moving average is GBX 77.83 and its 200 day moving average is GBX 77.77. The company has a market capitalization of £67.56 million, a PE ratio of 18.91 and a beta of 0.81.

Michelmersh Brick (LON:MBH) last issued its earnings results on Tuesday, September 1st. The company reported GBX 2.56 earnings per share (EPS) for the quarter. Michelmersh Brick had a net margin of 5.66% and a return on equity of 4.06%. As a group, sell-side analysts predict that Michelmersh Brick will post 10.3053435 EPS for the current fiscal year.

About Michelmersh Brick

Michelmersh Brick Holdings PLC is a business with seven market leading brands: Blockleys, Carlton, Charnwood, Freshfield Lane, Michelmersh, Hathern Terra Cotta and Floren. These divisions operate within a fully integrated business combining the manufacture of clay bricks and pavers. The Group also includes a landfill operator, New Acres Limited, and seeks to develop future landfill and development opportunities on ancillary land assets.

Established in 1997 the Company has grown through acquisition and organic growth into a profitable and asset rich business, producing over 120 million clay bricks and pavers per annum.