Michelmersh Brick (LON:MBH) Hits New 12-Month Low - Here's Why

Key Points

• Michelmersh Brick Holdings plc shares hit a new 52-week low at GBX 87 ($1.17), down from the previous close of GBX 89 ($1.19) during mid-day trading on Thursday.
• Equities analysts have adjusted their target prices for the stock, with Canaccord Genuity and Berenberg Bank both lowering their price target to GBX 150, while maintaining a "buy" rating.
• Michelmersh Brick reported earnings of GBX 3.30 per share in its latest results, with an average forecast of GBX 10.31 earnings per share for the current fiscal year.

Michelmersh Brick Holdings plc (LON:MBH - Get Free Report) shares hit a new 52-week low during mid-day trading on Thursday . The company traded as low as GBX 87 ($1.17) and last traded at GBX 87 ($1.17), with a volume of 197759 shares changing hands. The stock had previously closed at GBX 89 ($1.19).

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Canaccord Genuity Group decreased their target price on Michelmersh Brick from GBX 160 to GBX 150 and set a "buy" rating on the stock in a report on Tuesday, September 2nd. Berenberg Bank dropped their price target on Michelmersh Brick from GBX 170 to GBX 150 and set a "buy" rating on the stock in a research note on Tuesday, September 2nd. Three analysts have rated the stock with a Buy rating, According to MarketBeat.com, Michelmersh Brick currently has an average rating of "Buy" and an average price target of GBX 156.67.

Michelmersh Brick Price Performance

The stock's fifty day simple moving average is GBX 98.45 and its 200-day simple moving average is GBX 104.18. The company has a market capitalization of £79.89 million, a P/E ratio of 1,548.04 and a beta of 1.01. The company has a debt-to-equity ratio of 2.05, a current ratio of 2.13 and a quick ratio of 1.56.

Michelmersh Brick (LON:MBH - Get Free Report) last announced its 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%. On average, equities analysts forecast that Michelmersh Brick Holdings plc will post 10.3053435 earnings per share for the current fiscal year.

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.

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