Michelmersh Brick (LON:MBH) Hits New 52-Week Low After Analyst Downgrade

Key Points

• Michelmersh Brick's stock price fell to a new 52-week low of GBX 87.13 after Canaccord Genuity Group reduced their price target from GBX 160 to GBX 150, although they still maintain a buy rating.
• Berenberg Bank also lowered their price target for Michelmersh Brick to GBX 150 while maintaining a buy rating, with three analysts rating the stock as a buy and an average price target of GBX 156.67.
• The company reported a P/E ratio of 1,424.15, a return on equity of 8.82%, and an earnings per share of GBX 3.30 for the last quarter, indicating challenges in profitability and valuation.

Michelmersh Brick Holdings plc (LON:MBH - Get Free Report)'s share price hit a new 52-week low on Tuesday after Canaccord Genuity Group lowered their price target on the stock from GBX 160 to GBX 150. Canaccord Genuity Group currently has a buy rating on the stock. Michelmersh Brick traded as low as GBX 87.13 ($1.18) and last traded at GBX 92 ($1.24), with a volume of 1808966 shares. The stock had previously closed at GBX 97.60 ($1.32).

Separately, Berenberg Bank decreased their price target on shares of Michelmersh Brick from GBX 170 to GBX 150 and set a "buy" rating for the company in a research report on Tuesday. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of GBX 156.67.

Michelmersh Brick Price Performance

The company has a debt-to-equity ratio of 2.05, a quick ratio of 1.56 and a current ratio of 2.13. The stock has a market cap of £88.52 million, a price-to-earnings ratio of 1,707.12 and a beta of 1.01. The business's fifty day simple moving average is GBX 106.43 and its 200 day simple moving average is GBX 105.66.

Michelmersh Brick (LON:MBH - Get Free Report) last issued its quarterly earnings data on Tuesday, September 2nd. The company reported GBX 3.30 EPS for the quarter. Michelmersh Brick had a net margin of 11.46% and a return on equity of 8.82%. Research analysts predict that Michelmersh Brick Holdings plc will post 10.3053435 EPS 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.