McBride plc’s (MCB) Buy Rating Reaffirmed at Liberum Capital
McBride plc (LON:MCB)‘s stock had its “buy” rating reissued by investment analysts at Liberum Capital in a research report issued to clients and investors on Monday. They presently have a GBX 215 ($2.81) price target on the stock. Liberum Capital’s price objective suggests a potential upside of 13.91% from the stock’s previous close.
Several other analysts have also recently issued reports on the company. Numis Securities Ltd restated an “add” rating and issued a GBX 205 ($2.68) target price (up from GBX 191 ($2.49)) on shares of McBride plc in a report on Monday, September 12th. Peel Hunt upped their target price on McBride plc from GBX 170 ($2.22) to GBX 185 ($2.41) and gave the company an “add” rating in a report on Wednesday, September 7th. Investec upped their target price on McBride plc from GBX 204 ($2.66) to GBX 210 ($2.74) and gave the company a “buy” rating in a report on Wednesday, September 7th. Finally, Panmure Gordon restated a “buy” rating and issued a GBX 200 ($2.61) target price on shares of McBride plc in a report on Monday, July 11th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of GBX 203 ($2.65).
Shares of McBride plc (LON:MCB) opened at 188.796 on Monday. McBride plc has a 52-week low of GBX 127.00 and a 52-week high of GBX 194.75. The company’s market capitalization is GBX 344.00 million. The stock’s 50 day moving average price is GBX 174.68 and its 200 day moving average price is GBX 161.89.
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In other news, insider Coleman,John bought 40,000 shares of the stock in a transaction that occurred on Wednesday, September 21st. The stock was bought at an average cost of GBX 187 ($2.44) per share, for a total transaction of £74,800 ($97,637.38). Also, insider Vos ,Rik De bought 10,000 shares of the stock in a transaction that occurred on Thursday, September 8th. The shares were purchased at an average price of GBX 175 ($2.28) per share, with a total value of £17,500 ($22,842.97).
About McBride plc
McBride plc is a United Kingdom-based provider of private label household and personal care products. The Company is engaged in developing, producing and supplying its products to retailers across Europe. Its segments are United Kingdom, including the United Kingdom and Ireland; Western Europe, including France, Iberia, Benelux, Italy and Germany, and Rest of the World, including Poland, Czech Republic and Asia Pacific.
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