Brickability Group (LON:BRCK) Trading 1.5% Higher – Here’s Why

Shares of Brickability Group Plc (LON:BRCK) rose 1.5% during mid-day trading on Friday . The stock traded as high as GBX 55.60 and last traded at GBX 54.60. Approximately 470,360 shares changed hands during mid-day trading, a decline of 31% from the average daily volume of 685,629 shares. The stock had previously closed at GBX 53.80.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reissued a “buy” rating and issued a GBX 106 price objective on shares of Brickability Group in a research note on Tuesday, November 25th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Brickability Group presently has an average rating of “Buy” and a consensus price target of GBX 106.

Brickability Group Price Performance

The company has a current ratio of 1.31, a quick ratio of 1.07 and a debt-to-equity ratio of 47.17. The stock has a fifty day simple moving average of GBX 53.54 and a 200-day simple moving average of GBX 56.17. The stock has a market cap of £175.89 million, a price-to-earnings ratio of 16.75 and a beta of 1.30.

Brickability Group (LON:BRCK) last released its earnings results on Tuesday, November 25th. The company reported GBX 4.79 earnings per share for the quarter. Brickability Group had a net margin of 2.59% and a return on equity of 8.24%. As a group, equities research analysts expect that Brickability Group Plc will post 8.4193122 EPS for the current year.

Insider Transactions at Brickability Group

In other Brickability Group news, insider Mike Gant sold 57,924 shares of Brickability Group stock in a transaction that occurred on Thursday, November 27th. The stock was sold at an average price of GBX 53, for a total transaction of £30,699.72. 13.68% of the stock is owned by company insiders.

About Brickability Group

Brickability Group Plc is a leading distributor and provider of specialist products and services to the UK construction industry. The business comprises four divisions: Bricks and Building Materials, Contracting, Distribution, and Strategic Importing. With an agile, de-centralised, capital-light business model, supported by a strong balance sheet, Brickability leverages the skills of its people company-wide to effectively service the complex and evolving needs of the construction industry.
Incorporated in 1985, the Group has grown organically through product diversification and geographic expansion, as well as through the acquisition of specialist businesses that support its long-term strategy for growth.