McBride (LON:MCB) Reaches New 1-Year High – What’s Next?

McBride plc (LON:MCB)’s share price reached a new 52-week high on Tuesday . The company traded as high as GBX 165.60 and last traded at GBX 164.18, with a volume of 770143 shares changing hands. The stock had previously closed at GBX 158.80.

Analyst Ratings Changes

Separately, Peel Hunt restated a “buy” rating and issued a GBX 190 target price on shares of McBride in a report on Thursday, November 20th. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of GBX 190.

McBride Stock Performance

The company’s 50 day simple moving average is GBX 148.42 and its 200 day simple moving average is GBX 129.91. The company has a debt-to-equity ratio of 222.08, a quick ratio of 0.54 and a current ratio of 0.92. The stock has a market cap of £285.18 million, a PE ratio of 8.85, a price-to-earnings-growth ratio of -0.36 and a beta of 1.17.

McBride declared that its board has authorized a stock buyback program on Monday, December 1st that allows the company to repurchase 0 outstanding shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s management believes its shares are undervalued.

McBride Company Profile

With trading roots dating back to 1927, McBride boasts a strong heritage. As the leading European manufacturer and supplier of private label and contract manufactured products for the domestic household and professional cleaning and hygiene markets, McBride offers end‑to‑end development and manufacturing capabilities to a wide range of customers in Europe and Asia Pacific.