Michelmersh Brick (LON:MBH) Share Price Passes Below 200 Day Moving Average - Here's What Happened

Key Points

• Shares of Michelmersh Brick fell below their 200‑day moving averageGBX 73 and last at GBX 75 on volume of about 350,802 shares, versus a 200‑day MA of GBX 83.68.
• Analysts maintain a consensus "Buy" rating with an average price target of GBX 125, despite recent target cuts by Berenberg (to GBX 120) and Canaccord (to GBX 130), implying upside from current levels.
• Key fundamentals: market cap ~£68m, P/E ~19.0, high debt‑to‑equity (~4.83), and last quarterly EPS of GBX 7.50 with a net margin of 5.3%.

Shares of Michelmersh Brick Holdings plc (LON:MBH - Get Free Report) crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 83.68 and traded as low as GBX 73. Michelmersh Brick shares last traded at GBX 75, with a volume of 350,802 shares trading hands.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on MBH. Berenberg Bank dropped their target price on shares of Michelmersh Brick from GBX 150 to GBX 120 and set a "buy" rating for the company in a report on Wednesday, March 25th. Canaccord Genuity Group dropped their target price on shares of Michelmersh Brick from GBX 150 to GBX 130 and set a "buy" rating for the company in a report on Tuesday, March 24th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Michelmersh Brick presently has an average rating of "Buy" and a consensus price target of GBX 125.

Michelmersh Brick Price Performance

The company has a market cap of £68.00 million, a P/E ratio of 19.04 and a beta of 0.71. The company has a debt-to-equity ratio of 4.83, a quick ratio of 1.56 and a current ratio of 2.24. The firm's fifty day moving average is GBX 79.14 and its two-hundred day moving average is GBX 83.68.

Michelmersh Brick (LON:MBH - Get Free Report) last issued its earnings results on Tuesday, March 24th. The company reported GBX 7.50 earnings per share for the quarter. Michelmersh Brick had a net margin of 5.30% and a return on equity of 3.91%. As a group, analysts anticipate that Michelmersh Brick Holdings plc will post 10.3053435 earnings per share for the current fiscal year.

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.

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