Michelmersh Brick (LON:MBH) Shares Pass Below Two Hundred Day Moving Average - Should You Sell?

Key Points

• Michelmersh Brick shares fell below their 200-day moving average of GBX 105.08, trading as low as GBX 96 ($1.30) and last at GBX 98.33 ($1.33).
• Analysts at Canaccord Genuity and Berenberg Bank have both set a buy rating on Michelmersh Brick, reducing their price targets to GBX 150.
• The company reported an EPS of GBX 3.30 for the last quarter, with a return on equity of 8.82% and a net margin of 11.46%.

Shares of Michelmersh Brick Holdings plc (LON:MBH - Get Free Report) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 105.08 ($1.42) and traded as low as GBX 96 ($1.29). Michelmersh Brick shares last traded at GBX 98.33 ($1.32), with a volume of 123,790 shares traded.

Analyst Ratings Changes

MBH has been the topic of several research analyst reports. Canaccord Genuity Group lowered their target price on shares of Michelmersh Brick from GBX 160 to GBX 150 and set a "buy" rating on the stock in a report on Tuesday, September 2nd. Berenberg Bank decreased their price target on shares of Michelmersh Brick from GBX 170 to GBX 150 and set a "buy" rating on the stock in a research note on Tuesday, September 2nd. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of GBX 156.67.

Michelmersh Brick Stock Up 0.8%

The business's 50 day moving average is GBX 104.47 and its 200 day moving average is GBX 105.04. The company has a market capitalization of £90.42 million, a price-to-earnings ratio of 1,749.11 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, September 2nd. The company reported GBX 3.30 EPS for the quarter. Michelmersh Brick had a net margin of 11.46% and a return on equity of 8.82%. Sell-side analysts anticipate that Michelmersh Brick Holdings plc will post 10.3053435 earnings per share for the current year.

About Michelmersh Brick

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.