Michelmersh Brick Holdings plc (LON:MBH - Get Free Report) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 105.22 ($1.43) and traded as low as GBX 105 ($1.43). Michelmersh Brick shares last traded at GBX 106.21 ($1.44), with a volume of 50,753 shares.
Wall Street Analysts Forecast Growth
A number of research analysts have issued reports on the stock. Berenberg Bank reissued a "buy" rating and set a GBX 170 ($2.31) price objective on shares of Michelmersh Brick in a research report on Tuesday, March 25th. Canaccord Genuity Group reduced their price objective on shares of Michelmersh Brick from GBX 170 ($2.31) to GBX 160 ($2.18) and set a "buy" rating for the company in a research note on Tuesday, March 25th.
Check Out Our Latest Research Report on Michelmersh Brick
Michelmersh Brick Stock Performance
The company has a market capitalization of £97.67 million, a P/E ratio of 12.08 and a beta of 1.01. The business has a 50 day moving average of GBX 109.86 and a 200 day moving average of GBX 105.22. The company has a quick ratio of 1.56, a current ratio of 2.13 and a debt-to-equity ratio of 2.05.
About Michelmersh Brick
(
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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.
Further Reading
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