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

Key Points

• Shares fell below its 200-day moving average — the 200‑day MA is GBX 83.19 and the stock last traded at GBX 72.43 after hitting GBX 71 on volume of 269,130 shares.
• Analysts have cut price targets but maintain a positive stance: Canaccord lowered its target to GBX 130 and Berenberg to GBX 120, leaving a consensus price target of GBX 125 with an average "Buy" rating.
• Key fundamentals: market cap ~£67.99m, PE 19.03, quarterly EPS GBX 7.50 with a net margin of 5.3% and debt-to-equity of 4.83, and analysts forecast roughly GBX 10.31 in EPS for the current fiscal year.

Shares of Michelmersh Brick Holdings plc (LON:MBH - Get Free Report) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 83.19 and traded as low as GBX 71. Michelmersh Brick shares last traded at GBX 72.43, with a volume of 269,130 shares.

Analyst Upgrades and Downgrades

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

Michelmersh Brick Stock Performance

The company's 50 day moving average price is GBX 77.72 and its 200-day moving average price is GBX 83.19. 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 cap of £67.99 million, a PE ratio of 19.03 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 (EPS) for the quarter. Michelmersh Brick had a net margin of 5.30% and a return on equity of 3.91%. Equities research analysts anticipate that Michelmersh Brick Holdings plc will post 10.3053435 earnings per share for the current fiscal 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.

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