Michelmersh Brick (LON:MBH) Hits New 12-Month High - Still a Buy?

Shares of Michelmersh Brick Holdings plc (LON:MBH - Get Free Report) reached a new 52-week high on Thursday . The stock traded as high as GBX 115 ($1.55) and last traded at GBX 113.50 ($1.53), with a volume of 174300 shares traded. The stock had previously closed at GBX 114 ($1.53).

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Berenberg Bank reiterated a "buy" rating and set a GBX 170 ($2.29) price objective on shares of Michelmersh Brick in a research report on Tuesday, March 25th. Canaccord Genuity Group reduced their target price on Michelmersh Brick from GBX 170 ($2.29) to GBX 160 ($2.15) and set a "buy" rating on the stock in a report on Tuesday, March 25th.

Michelmersh Brick Stock Down 1.3%

The firm has a 50 day moving average of GBX 102.43 and a two-hundred day moving average of GBX 103.69. The firm has a market capitalization of £103.00 million, a price-to-earnings ratio of 12.74 and a beta of 1.01. The company has a quick ratio of 1.56, a current ratio of 2.13 and a debt-to-equity ratio of 2.05.

Michelmersh Brick (LON:MBH - Get Free Report) last posted its earnings results on Tuesday, March 25th. The company reported GBX 8.18 ($0.11) EPS for the quarter. Michelmersh Brick had a return on equity of 8.82% and a net margin of 11.46%. As a group, sell-side analysts anticipate that Michelmersh Brick Holdings plc will post 10.3053435 EPS for the current fiscal 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 given a GBX 3 ($0.04) dividend. The ex-dividend date of this dividend is Thursday, June 5th. This is an increase from Michelmersh Brick's previous dividend of $1.60. This represents a yield of 3.06%. Michelmersh Brick's dividend payout ratio (DPR) is currently 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.