McBride plc Upgraded by Numis Securities Ltd to Add (MCB)
McBride plc (LON:MCB) was upgraded by research analysts at Numis Securities Ltd to an “add” rating in a report released on Tuesday. The firm currently has a GBX 106 ($1.81) price objective on the stock. Numis Securities Ltd’s price target suggests a potential upside of 9.56% from the stock’s previous close.
Shares of McBride plc (LON:MCB) opened at 95.50 on Tuesday. McBride plc has a 52-week low of GBX 86.00 and a 52-week high of GBX 135.00. The stock’s 50-day moving average is GBX 100.8 and its 200-day moving average is GBX 102.3. The company’s market cap is £174.0 million.
Other equities research analysts have also recently issued reports about the stock. Analysts at Investec reiterated an “add” rating on shares of McBride plc in a research note on Monday. They now have a GBX 100 ($1.70) price target on the stock. Separately, 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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