McBride (LON:MCB) Shares Cross Above Two Hundred Day Moving Average – Here’s What Happened

McBride plc (LON:MCBGet Free Report)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 127.50 and traded as high as GBX 154.80. McBride shares last traded at GBX 154, with a volume of 1,967,501 shares changing hands.

More McBride News

Here are the key news stories impacting McBride this week:

Analyst Upgrades and Downgrades

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

Check Out Our Latest Stock Report on McBride

McBride Stock Up 1.0%

The company has a market capitalization of £274.09 million, a price-to-earnings ratio of 8.51, a PEG ratio of -0.36 and a beta of 1.17. The firm’s 50 day simple moving average is GBX 141.83 and its 200-day simple moving average is GBX 127.65. The company has a current ratio of 0.92, a quick ratio of 0.54 and a debt-to-equity ratio of 222.08.

McBride announced that its board has authorized a stock buyback plan on Monday, December 1st that permits the company to repurchase 0 outstanding shares. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s board believes its shares are undervalued.

McBride Company Profile

(Get Free Report)

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.

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