McBride (LON:MCB) Trading 6.9% Higher - Here's Why

Key Points

• McBride plc's stock increased by 6.9% during mid-day trading, reaching a last traded price of GBX 114.63 ($1.56).
• The company's market cap stands at £203.14 million with a high price-to-earnings ratio of 524.23.
• McBride reported quarterly earnings of GBX 22.10 earnings per share (EPS) and a return on equity of 62.24%.

McBride plc (LON:MCB - Get Free Report)'s stock price shot up 6.9% during trading on Wednesday . The stock traded as high as GBX 125 ($1.69) and last traded at GBX 114.63 ($1.55). 1,816,721 shares changed hands during mid-day trading, an increase of 363% from the average session volume of 392,761 shares. The stock had previously closed at GBX 107.20 ($1.45).

Wall Street Analysts Forecast Growth

Separately, Peel Hunt reissued a "buy" rating and issued a GBX 190 price objective on shares of McBride in a research report on Wednesday. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of GBX 190.

McBride Stock Performance

The firm has a market capitalization of £207.58 million, a PE ratio of 535.68, a price-to-earnings-growth ratio of -0.36 and a beta of 1.17. The company has a debt-to-equity ratio of 222.08, a current ratio of 0.92 and a quick ratio of 0.54. The stock has a 50-day moving average price of GBX 122.68 and a 200-day moving average price of GBX 137.24.

McBride (LON:MCB - Get Free Report) last announced its earnings results on Wednesday, September 17th. The company reported GBX 22.10 earnings per share (EPS) for the quarter. McBride had a return on equity of 62.24% and a net margin of 3.56%. On average, research analysts expect that McBride plc will post 19.2307692 EPS for the current fiscal year.

McBride Company Profile

We are the leading European manufacturer and supplier of Private Label and Contract Manufactured products for the domestic household and professional cleaning and hygiene markets.