McBride's (MCB) "Buy" Rating Reiterated at Berenberg Bank

Key Points

• Berenberg Bank reiterated its “Buy” rating on McBride and maintained a GBX 275 price target, implying approximately 56.96% upside from the current price.
• McBride shares opened at GBX 175.20, with a market capitalization of about £297.43 million; the company reported quarterly EPS of GBX 21.60 and analysts expect full-year EPS of GBX 19.23.
• Insider Mark Strickland sold 527,268 shares for approximately £943,810, while insiders collectively own 30.24% of the company.

McBride (LON:MCB - Get Free Report)'s stock had its "buy" rating reiterated by Berenberg Bank in a research report issued to clients and investors on Wednesday, Digital Look reports. They currently have a GBX 275 price target on the stock. Berenberg Bank's price objective indicates a potential upside of 56.96% from the stock's current price.

McBride Stock Performance

Shares of McBride stock opened at GBX 175.20 on Wednesday. The business's fifty day simple moving average is GBX 180.08 and its 200 day simple moving average is GBX 161.29. The company has a current ratio of 1.10, a quick ratio of 0.54 and a debt-to-equity ratio of 169.22. The firm has a market capitalization of £297.43 million, a P/E ratio of 10.37, a price-to-earnings-growth ratio of -0.36 and a beta of 1.51. McBride has a 12 month low of GBX 107.60 and a 12 month high of GBX 214.10.

McBride (LON:MCB - Get Free Report) last released its earnings results on Tuesday, September 15th. The company reported GBX 21.60 earnings per share (EPS) for the quarter. McBride had a return on equity of 28.68% and a net margin of 3.21%. As a group, analysts anticipate that McBride will post 19.23 EPS for the current year.

Insiders Place Their Bets

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.