Michelmersh Brick (LON:MBH) Hits New 52-Week Low – What’s Next?

Michelmersh Brick Holdings plc (LON:MBH)’s share price reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as GBX 80 and last traded at GBX 80.50, with a volume of 68788 shares changing hands. The stock had previously closed at GBX 83.

Analyst Ratings Changes

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 150 target price on shares of Michelmersh Brick in a research note on Tuesday, December 2nd. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Michelmersh Brick currently has a consensus rating of “Buy” and an average target price of GBX 150.

Michelmersh Brick Trading Down 2.4%

The company has a current ratio of 2.13, a quick ratio of 1.56 and a debt-to-equity ratio of 2.05. The firm has a market capitalization of £73.46 million, a P/E ratio of 14.41 and a beta of 1.01. The business has a 50 day moving average of GBX 85.21 and a 200-day moving average of GBX 94.33.

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.