Canaccord Genuity Group Cuts Michelmersh Brick (LON:MBH) Price Target to GBX 130

Michelmersh Brick (LON:MBH) had its target price lowered by Canaccord Genuity Group from GBX 150 to GBX 130 in a report released on Tuesday, Marketbeat.com reports. The firm currently has a buy rating on the stock.

Michelmersh Brick Stock Performance

Shares of MBH stock opened at GBX 69.83 on Tuesday. The company has a market cap of £63.30 million, a P/E ratio of 12.42 and a beta of 0.71. The business has a 50 day moving average of GBX 84.51 and a two-hundred day moving average of GBX 87.29. Michelmersh Brick has a 52 week low of GBX 66 and a 52 week high of GBX 119. The company has a quick ratio of 1.56, a current ratio of 2.24 and a debt-to-equity ratio of 4.83.

Michelmersh Brick (LON:MBH) last announced its quarterly earnings results on Tuesday, March 24th. The company reported GBX 7.50 earnings per share for the quarter. Michelmersh Brick had a return on equity of 3.91% and a net margin of 5.30%. As a group, analysts anticipate that Michelmersh Brick will post 10.3053435 EPS for the current 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.