Investec Reiterates Add Rating for McBride plc (MCB)
McBride plc (LON:MCB)‘s stock had its “add” rating reiterated by research analysts at Investec in a report released on Monday. They currently have a GBX 100 ($1.70) price objective on the stock. Investec’s price target indicates a potential upside of 3.90% from the stock’s previous close.
McBride plc (LON:MCB) traded up 0.79% on Monday, hitting GBX 96.25. The stock had a trading volume of 46,437 shares. McBride plc has a 52 week low of GBX 86.00 and a 52 week high of GBX 135.00. The stock has a 50-day moving average of GBX 101. and a 200-day moving average of GBX 102.3. The company’s market cap is £175.4 million.
MCB has been the subject of a number of other recent research reports. Analysts at Numis Securities Ltd cut their price target on shares of McBride plc from GBX 109 ($1.86) to GBX 94 ($1.60) in a research note on Friday, April 4th. They now have a “hold” rating on the stock. Analysts at Panmure Gordon downgraded shares of McBride plc to a “hold” rating in a research note on Thursday, April 3rd. They now have a GBX 100 ($1.70) price target on the stock, down previously from GBX 120 ($2.04).
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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