McBride’s (MCB) Buy Rating Reiterated at Berenberg Bank

Berenberg Bank restated their buy rating on shares of McBride (LON:MCB) in a research note released on Wednesday morning,Digital Look reports. Berenberg Bank currently has a GBX 275 price target on the stock.

McBride Stock Down 1.4%

Shares of McBride stock opened at GBX 167.80 on Wednesday. The firm has a market cap of £284.87 million, a price-to-earnings ratio of 9.93, a P/E/G ratio of -0.36 and a beta of 1.51. The company has a debt-to-equity ratio of 169.22, a current ratio of 1.10 and a quick ratio of 0.54. McBride has a 52-week low of GBX 107.60 and a 52-week high of GBX 214.10. The stock has a 50-day simple moving average of GBX 180.57 and a 200-day simple moving average of GBX 161.67.

McBride (LON:MCB) last announced its quarterly earnings results on Tuesday, September 15th. The company reported GBX 21.60 EPS for the quarter. McBride had a return on equity of 28.68% and a net margin of 3.21%. On average, equities research analysts expect that McBride will post 19.23 earnings per share for the current fiscal year.

Insider Buying and Selling

In other McBride news, insider Mark Strickland sold 527,268 shares of the business’s stock in a transaction that occurred on Monday, September 21st. The shares were sold at an average price of GBX 179, for a total value of £943,809.72. 30.24% of the stock is owned by corporate insiders.

About McBride

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.