Michelmersh Brick (LON:MBH) Stock Price Passes Below Two Hundred Day Moving Average - Time to Sell?

Key Points

• The stock price of Michelmersh Brick Holdings plc (LON:MBH) fell below its 200-day moving average of GBX 104.49, trading at GBX 95.62 ($1.28) on the latest trading day.
• Analysts from Canaccord Genuity and Berenberg Bank have both lowered their price targets for the stock, now set at GBX 150, while maintaining a "buy" rating.
• The company reported earnings of GBX 3.30 per share for the last quarter, with a net margin of 11.46% and plans to achieve an estimated earnings per share of 10.31 for the current fiscal year.

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 104.49 ($1.40) and traded as low as GBX 94 ($1.26). Michelmersh Brick shares last traded at GBX 95.62 ($1.28), with a volume of 129,858 shares traded.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Canaccord Genuity Group decreased their target price on shares of Michelmersh Brick from GBX 160 to GBX 150 and set a "buy" rating on the stock in a research report on Tuesday, September 2nd. Berenberg Bank decreased their price objective on shares of Michelmersh Brick from GBX 170 to GBX 150 and set a "buy" rating on the stock in a research report on Tuesday, September 2nd. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of GBX 156.67.

Michelmersh Brick Stock Down 0.4%

The company has a debt-to-equity ratio of 2.05, a quick ratio of 1.56 and a current ratio of 2.13. The firm's 50-day moving average is GBX 100.64 and its 200 day moving average is GBX 104.49. The firm has a market capitalization of £87.78 million, a PE ratio of 1,701.07 and a beta of 1.01.

Michelmersh Brick (LON:MBH - Get Free Report) last released 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%. As a group, research analysts forecast 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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