Numis Securities Ltd Boosts McBride plc (MCB) Price Target to GBX 235
McBride plc (LON:MCB) had its price objective boosted by analysts at Numis Securities Ltd from GBX 211 ($2.73) to GBX 235 ($3.03) in a note issued to investors on Thursday. The brokerage currently has a “buy” rating on the stock. Numis Securities Ltd’s target price suggests a potential upside of 19.44% from the company’s current price.
A number of other research analysts have also weighed in on MCB. Peel Hunt raised their price objective on McBride plc from GBX 205 ($2.65) to GBX 215 ($2.78) and gave the company an “add” rating in a research report on Tuesday, June 27th. Liberum Capital restated a “buy” rating and set a GBX 225 ($2.91) price objective on shares of McBride plc in a research report on Tuesday, June 27th. Finally, Investec restated a “buy” rating and set a GBX 230 ($2.97) price objective on shares of McBride plc in a research report on Tuesday, July 11th. Six investment analysts have rated the stock with a buy rating, The stock currently has a consensus rating of “Buy” and an average price target of GBX 225.83 ($2.92).
Shares of McBride plc (LON:MCB) traded up 0.77% during midday trading on Thursday, reaching GBX 196.75. The company’s stock had a trading volume of 22,878 shares. The company’s 50-day moving average price is GBX 183.52 and its 200-day moving average price is GBX 189.15. McBride plc has a 12 month low of GBX 158.31 and a 12 month high of GBX 207.25. The company’s market cap is GBX 358.28 million.
McBride plc (LON:MCB) last issued its quarterly earnings data on Thursday, September 7th. The company reported $0.13 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.13. McBride plc had a return on equity of 39.08% and a net margin of 3.61%. On average, equities analysts anticipate that McBride plc will post $13.50 EPS for the current fiscal year.
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About McBride plc
McBride plc is a 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 include Household, Personal Care & Aerosols (PCA) and Corporate. The Household segment consists of UK; North, including France, Belgium, Holland and Scandinavia; South, including Italy and Spain, and East, including Germany, Poland, Luxembourg and other Eastern Europe.
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