McBride (MCB) Reaches New 12-Month Low at $128.00
McBride plc (LON:MCB) reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as GBX 128 ($1.74) and last traded at GBX 128.20 ($1.74), with a volume of 111857 shares changing hands. The stock had previously closed at GBX 128.20 ($1.74).
A number of equities research analysts have recently issued reports on MCB shares. Liberum Capital reiterated a “buy” rating and set a GBX 235 ($3.19) price target on shares of McBride in a research report on Monday, January 29th. Numis Securities reissued a “buy” rating and set a GBX 240 ($3.26) price objective on shares of McBride in a research note on Thursday, February 22nd. Peel Hunt dropped their price objective on shares of McBride from GBX 200 ($2.71) to GBX 180 ($2.44) and set a “hold” rating for the company in a research note on Thursday, February 22nd. Finally, Investec dropped their price objective on shares of McBride from GBX 230 ($3.12) to GBX 215 ($2.92) and set a “buy” rating for the company in a research note on Friday, March 2nd. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of GBX 216 ($2.93).
McBride (LON:MCB) last issued its quarterly earnings data on Thursday, February 22nd. The company reported GBX 5.20 ($0.07) earnings per share for the quarter. McBride had a net margin of 0.33% and a return on equity of 3.77%. The business had revenue of £368.40 million during the quarter.
McBride plc, together with its subsidiaries, manufactures and sells private label household and personal care products to retailers in the United Kingdom, other regions in Europe, and Asia. The company offers various household products, such as laundry products, including laundry powder tablets, liquid gels, and laundry liquid sachets; dishwashing products comprising washing up liquids and machine dishwashing powders, tablets, and gels; household cleaners consisting of bathroom, kitchen, glass, ceramic hobs, antibacterial, and multisurface cleaners; toilet cleaners and descaling products; and air freshener products, such as time release sprays, gel air fresheners, plug-in fresheners, sprays, diffusers, and candles.
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