McBride (LON:MCB) Shares Cross Above 200 Day Moving Average - Here's What Happened

Key Points

• McBride shares crossed above their 200-day moving average, reaching GBX 186 before closing at GBX 180.20, compared with the 200-day average of GBX 166.30.
• Analysts remain bullish: Berenberg reaffirmed a “Buy” rating with a GBX 275 target, while the two-analyst consensus is “Buy” with a GBX 232.50 target.
• McBride reported quarterly EPS of GBX 21.60, alongside a 28.68% return on equity and 3.21% net margin; insider Mark Strickland separately sold 527,268 shares for approximately £943,810.

McBride plc (LON:MCB - Get Free Report) shares crossed above its 200-day moving average during trading on Friday. The stock has a 200-day moving average of GBX 166.30 and traded as high as GBX 186. McBride shares last traded at GBX 180.20, with a volume of 810,330 shares trading hands.

Wall Street Analyst Weigh In

Separately, Berenberg Bank reissued a "buy" rating and issued a GBX 275 target price on shares of McBride in a report on Thursday, September 10th. Two analysts have rated the stock with a Buy rating. According to data from MarketBeat, the stock has an average rating of "Buy" and a consensus target price of GBX 232.50.

McBride Stock Performance

The firm has a market capitalization of £305.92 million, a P/E ratio of 10.66, a P/E/G ratio of -0.36 and a beta of 1.51. The company has a debt-to-equity ratio of 169.22, a current ratio of 1.10 and a quick ratio of 0.54. The firm has a 50-day moving average price of GBX 180 and a two-hundred day moving average price of GBX 166.30.

McBride (LON:MCB - Get Free Report) last released its quarterly earnings data on Tuesday, September 15th. The company reported GBX 21.60 EPS for the quarter. McBride had a return on equity of 28.68% and a net margin of 3.21%. On average, analysts forecast that McBride plc will post 19.23 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Mark Strickland sold 527,268 shares of the company's stock in a transaction dated Monday, September 21st. The stock was sold at an average price of GBX 179, for a total value of £943,809.72. Corporate insiders own 30.24% of the company's stock.

About McBride

With trading roots dating back to 1927, McBride boasts a strong heritage. As the leading European manufacturer and supplier of private label and contract manufactured products for the domestic household and professional cleaning and hygiene markets, McBride offers end‑to‑end development and manufacturing capabilities to a wide range of customers in Europe and Asia Pacific.

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