McBride plc (MCB) Receives Buy Rating from Liberum Capital
Liberum Capital reissued their buy rating on shares of McBride plc (LON:MCB) in a research report released on Wednesday morning. The brokerage currently has a GBX 235 ($3.12) target price on the stock.
Several other brokerages have also recently weighed in on MCB. Peel Hunt reiterated an add rating and issued a GBX 215 ($2.85) price target on shares of McBride plc in a research report on Tuesday, July 11th. Investec reiterated a buy rating and issued a GBX 230 ($3.05) price target on shares of McBride plc in a research report on Tuesday, July 11th. Berenberg Bank lifted their price target on McBride plc from GBX 220 ($2.92) to GBX 240 ($3.18) and gave the company a buy rating in a research report on Friday, September 29th. Finally, Numis Securities Ltd lifted their price target on McBride plc from GBX 211 ($2.80) to GBX 235 ($3.12) and gave the company a buy rating in a research report on Thursday, September 7th. Six equities research analysts have rated the stock with a buy rating, McBride plc has a consensus rating of Buy and an average target price of GBX 233.33 ($3.10).
Shares of McBride plc (LON MCB) traded down 0.47% on Wednesday, reaching GBX 210.75. The company’s stock had a trading volume of 299,051 shares. The firm’s 50 day moving average is GBX 194.14 and its 200-day moving average is GBX 191.98. McBride plc has a 52-week low of GBX 158.31 and a 52-week high of GBX 217.25. The stock’s market cap is GBX 384.01 million.
The firm also recently announced a dividend, which will be paid on Friday, December 1st. Investors of record on Thursday, October 26th will be given a dividend of GBX 2.90 ($0.04) per share. This represents a yield of 1.47%. The ex-dividend date is Thursday, October 26th.
About McBride plc
McBride plc is a provider of private label household and personal care products. The Company is engaged in developing, producing and supplying its products to retailers across Europe. Its segments include Household, Personal Care & Aerosols (PCA) and Corporate. The Household segment consists of UK; North, including France, Belgium, Holland and Scandinavia; South, including Italy and Spain, and East, including Germany, Poland, Luxembourg and other Eastern Europe.
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