Michelmersh Brick (LON:MBH) Reaches New 52-Week Low - Here's What Happened

Michelmersh Brick Holdings plc (LON:MBH - Get Free Report) reached a new 52-week low during trading on Monday . The company traded as low as GBX 89.50 ($1.17) and last traded at GBX 94 ($1.23), with a volume of 224008 shares trading hands. The stock had previously closed at GBX 94 ($1.23).

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on MBH. Canaccord Genuity Group dropped their price objective on Michelmersh Brick from GBX 170 ($2.23) to GBX 160 ($2.09) and set a "buy" rating on the stock in a research note on Tuesday, March 25th. Berenberg Bank reissued a "buy" rating and set a GBX 170 ($2.23) price target on shares of Michelmersh Brick in a research report on Tuesday, March 25th.

Michelmersh Brick Trading Down 1.4 %

The company has a debt-to-equity ratio of 2.05, a current ratio of 2.13 and a quick ratio of 1.56. The company has a market capitalization of £87.53 million, a P/E ratio of 10.82 and a beta of 1.01. The firm has a fifty day moving average price of GBX 102.30 and a 200-day moving average price of GBX 102.04.

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

Michelmersh Brick Increases Dividend

The business also recently disclosed a dividend, which will be paid on Wednesday, July 9th. Investors of record on Thursday, June 5th will be issued a dividend of GBX 3 ($0.04) per share. This represents a yield of 3.06%. The ex-dividend date is Thursday, June 5th. This is an increase from Michelmersh Brick's previous dividend of $1.60. Michelmersh Brick's dividend payout ratio (DPR) is 56.87%.

Michelmersh Brick Company Profile

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.