McBride (LON:MCB) Stock Price Passes Above 200-Day Moving Average - Here's What Happened

Key Points

• McBride shares climbed above their 200-day moving average, trading as high as GBX 149.40 and last at GBX 141.60 on volume of 534,053 shares, with the 200‑day MA at GBX 133.28.
• Analysts remain positive: Peel Hunt reaffirmed a "buy" rating with a GBX 190 target and the consensus rating is "Buy"; the board also approved a stock buyback authorizing open‑market repurchases.
• Valuation/financials show mixed signals: market cap £245.25m and a low P/E of 8.38 with strong ROE (30.98%), but high leverage (debt/equity 145.77) and tight liquidity (current ratio 0.95, quick ratio 0.54).

McBride plc (LON:MCB - Get Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 133.28 and traded as high as GBX 149.40. McBride shares last traded at GBX 141.60, with a volume of 534,053 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Peel Hunt reaffirmed a "buy" rating and issued a GBX 190 price objective on shares of McBride in a report on Thursday, November 20th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of GBX 190.

McBride Stock Up 0.1%

The firm's fifty day moving average price is GBX 151.67 and its 200-day moving average price is GBX 133.28. The firm has a market capitalization of £245.25 million, a P/E ratio of 8.38, a PEG ratio of -0.36 and a beta of 1.46. The company has a debt-to-equity ratio of 145.77, a current ratio of 0.95 and a quick ratio of 0.54.

McBride (LON:MCB - Get Free Report) last issued its quarterly earnings results on Tuesday, February 24th. The company reported GBX 10.80 earnings per share for the quarter. McBride had a net margin of 3.20% and a return on equity of 30.98%. As a group, equities research analysts forecast that McBride plc will post 19.2307692 earnings per share for the current year.

McBride announced that its board has approved a stock buyback plan on Monday, December 1st that permits the company to repurchase 0 outstanding shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company's board believes its stock is undervalued.

McBride Company Profile

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.

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