Michelmersh Brick (LON:MBH) Sets New 1-Year High - Here's What Happened

Michelmersh Brick Holdings plc (LON:MBH - Get Free Report) shares hit a new 52-week high on Wednesday . The company traded as high as GBX 116 ($1.58) and last traded at GBX 115 ($1.56), with a volume of 299008 shares trading hands. The stock had previously closed at GBX 112 ($1.52).

Wall Street Analyst Weigh In

MBH has been the topic of a number of research reports. Berenberg Bank reaffirmed a "buy" rating and set a GBX 170 ($2.31) target price on shares of Michelmersh Brick in a research note on Tuesday, March 25th. Canaccord Genuity Group lowered their price target on shares of Michelmersh Brick from GBX 170 ($2.31) to GBX 160 ($2.17) and set a "buy" rating for the company in a research report on Tuesday, March 25th.

Michelmersh Brick Stock Performance

The company has a market capitalization of £103.92 million, a PE ratio of 12.85 and a beta of 1.01. The business's 50-day moving average is GBX 103.36 and its 200-day moving average is GBX 103.83. The company has a debt-to-equity ratio of 2.05, a quick ratio of 1.56 and a current ratio of 2.13.

Michelmersh Brick (LON:MBH - Get Free Report) last issued its quarterly earnings results on Tuesday, March 25th. The company reported GBX 8.18 ($0.11) earnings per share (EPS) for the quarter. Michelmersh Brick had a net margin of 11.46% and a return on equity of 8.82%. On average, research analysts anticipate that Michelmersh Brick Holdings plc will post 10.3053435 earnings per share for the current year.

Michelmersh Brick Increases Dividend

The company also recently announced a dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Thursday, June 5th will be issued a GBX 3 ($0.04) dividend. The ex-dividend date is Thursday, June 5th. This is a boost from Michelmersh Brick's previous dividend of $1.60. This represents a yield of 3.06%. Michelmersh Brick's payout ratio is 56.87%.

About Michelmersh Brick

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.