Michelmersh Brick (LON:MBH) Stock Passes Below Two Hundred Day Moving Average - Here's Why

Key Points

• Share price fell below its 200‑day moving average: Michelmersh Brick slipped under the 200‑day MA of GBX 85.50, trading as low as GBX 74 and last at GBX 76 on a volume of 170,961, a bearish technical signal.
• Analysts maintain a consensus Buy rating with a consensus price target of GBX 125, although Berenberg and Canaccord recently cut their targets to GBX 120 and GBX 130 respectively.
• Key fundamentals show a small market cap (£67.09M) and elevated leverage (debt‑to‑equity 4.83) with a P/E of 18.78 and recent quarterly EPS of GBX 7.50, suggesting modest profitability and higher financial risk.

Michelmersh Brick Holdings plc (LON:MBH - Get Free Report)'s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 85.50 and traded as low as GBX 74. Michelmersh Brick shares last traded at GBX 76, with a volume of 170,961 shares traded.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Berenberg Bank cut their price objective on Michelmersh Brick from GBX 150 to GBX 120 and set a "buy" rating for the company in a research report on Wednesday, March 25th. Canaccord Genuity Group cut their price objective on Michelmersh Brick from GBX 150 to GBX 130 and set a "buy" rating for the company in a research report on Tuesday, March 24th. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Michelmersh Brick currently has a consensus rating of "Buy" and a consensus price target of GBX 125.

Michelmersh Brick Price Performance

The company has a fifty day simple moving average of GBX 82.07 and a two-hundred day simple moving average of GBX 85.50. 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 company has a market capitalization of £67.09 million, a price-to-earnings ratio of 18.78 and a beta of 0.71.

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