McBride Lowered to Hold at Numis Securities Ltd (MCB)
McBride (LON:MCB) was downgraded by Numis Securities Ltd to a “hold” rating in a research note issued on Friday, Analyst Ratings.Net reports. They currently have a GBX 102 ($1.67) price target on the stock, down from their previous price target of GBX 132 ($2.16). Numis Securities Ltd’s price target points to a potential upside of 2.00% from the stock’s previous close.
McBride (LON:MCB) traded down 0.25% during mid-day trading on Friday, hitting GBX 99.75. The stock had a trading volume of 106,831 shares. McBride has a 52-week low of GBX 94.541 and a 52-week high of GBX 147.75. The stock has a 50-day moving average of GBX 104.5 and a 200-day moving average of GBX 117.0. The company’s market cap is £181.7 million.
A number of other firms have also recently commented on MCB. Analysts at Panmure Gordon cut their price target on shares of McBride from GBX 150 ($2.46) to GBX 127 ($2.08) in a research note to investors on Thursday. They now have a “buy” rating on the stock. Separately, analysts at Investec reiterated a “buy” rating on shares of McBride in a research note to investors on Thursday. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. McBride has a consensus rating of “Buy” and an average target price of GBX 118.34 ($1.94).
McBride plc is engaged in the production, distribution and sale of private label household and personal care products to retailers mainly in the United Kingdom and Continental Europe.
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