McBride (LON:MCB) Trading Up 14.8% – What’s Next?

Shares of McBride plc (LON:MCB) were up 14.8% during trading on Thursday . The stock traded as high as GBX 134.20 and last traded at GBX 127. Approximately 1,641,562 shares traded hands during trading, an increase of 304% from the average daily volume of 405,918 shares. The stock had previously closed at GBX 110.60.

Analyst Upgrades and Downgrades

Separately, Peel Hunt reiterated a “buy” rating and issued a GBX 190 price objective on shares of McBride in a report on Thursday. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of GBX 190.

McBride Trading Up 14.8%

The company has a current ratio of 0.92, a quick ratio of 0.54 and a debt-to-equity ratio of 222.08. The stock has a 50 day moving average price of GBX 118.99 and a 200 day moving average price of GBX 131.16. The company has a market cap of £222.52 million, a PE ratio of 6.83, a PEG ratio of -0.36 and a beta of 1.17.

McBride (LON:MCB) last announced its quarterly earnings data on Wednesday, September 17th. The company reported GBX 22.10 earnings per share (EPS) for the quarter. McBride had a return on equity of 62.24% and a net margin of 3.56%. Sell-side analysts predict that McBride plc will post 19.2307692 EPS for the current fiscal year.

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.