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

Michelmersh Brick Holdings plc (LON:MBH - Get Free Report)'s stock price reached a new 52-week high on Friday . The stock traded as high as GBX 112 ($1.51) and last traded at GBX 109 ($1.47), with a volume of 358918 shares changing hands. The stock had previously closed at GBX 109 ($1.47).

Analyst Upgrades and Downgrades

A number of research firms recently commented on MBH. Berenberg Bank reiterated a "buy" rating and issued a GBX 170 ($2.29) target price on shares of Michelmersh Brick in a report on Tuesday, March 25th. Canaccord Genuity Group dropped their price target on Michelmersh Brick from GBX 170 ($2.29) to GBX 160 ($2.16) and set a "buy" rating on the stock in a report on Tuesday, March 25th.

Michelmersh Brick Stock Up 2.3%

The business's 50 day moving average is GBX 101.60 and its 200 day moving average is GBX 103.53. The stock has a market cap of £105.39 million, a price-to-earnings ratio of 13.03 and a beta of 1.01. 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 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%. Equities analysts expect that Michelmersh Brick Holdings plc will post 10.3053435 earnings per share for the current year.

Michelmersh Brick Increases Dividend

The business also recently declared 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 is a boost from Michelmersh Brick's previous dividend of $1.60. This represents a dividend yield of 3.06%. The ex-dividend date is Thursday, June 5th. 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.