Michelmersh Brick (LON:MBH) Hits New 52-Week Low – Time to Sell?

Michelmersh Brick Holdings plc (LON:MBH) shares reached a new 52-week low on Tuesday . The company traded as low as GBX 80 and last traded at GBX 80, with a volume of 118242 shares. The stock had previously closed at GBX 84.50.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Canaccord Genuity Group dropped their price objective on shares of Michelmersh Brick from GBX 160 to GBX 150 and set a “buy” rating for the company in a research note on Tuesday, September 2nd. Berenberg Bank dropped their price target on shares of Michelmersh Brick from GBX 170 to GBX 150 and set a “buy” rating for the company in a research report on Tuesday, September 2nd. Two research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of GBX 150.

Michelmersh Brick Stock Up 0.3%

The firm has a market capitalization of £78.80 million, a price-to-earnings ratio of 15.39 and a beta of 1.01. The firm has a fifty day moving average price of GBX 89.75 and a 200 day moving average price of GBX 101.34. The company has a current ratio of 2.13, a quick ratio of 1.56 and a debt-to-equity ratio of 2.05.

Michelmersh Brick (LON:MBH) last released its quarterly earnings results on Tuesday, September 2nd. The company reported GBX 3.30 earnings per share for the quarter. Michelmersh Brick had a return on equity of 8.82% and a net margin of 11.46%. Sell-side analysts anticipate that Michelmersh Brick Holdings plc will post 10.3053435 EPS for the current fiscal year.

Michelmersh Brick Company Profile

Michelmersh Brick Holdings PLC is a business with seven market leading brands: Blockleys, Carlton, Charnwood, Freshfield Lane, Michelmersh, Hathern Terra Cotta and Floren. These divisions operate within a fully integrated business combining the manufacture of clay bricks and pavers. The Group also includes a landfill operator, New Acres Limited, and seeks to develop future landfill and development opportunities on ancillary land assets.

Established in 1997 the Company has grown through acquisition and organic growth into a profitable and asset rich business, producing over 120 million clay bricks and pavers per annum.