McBride plc (MCB) Receives Consensus Recommendation of “Buy” from Analysts

McBride plc (LON:MCB) has received a consensus rating of “Buy” from the six brokerages that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is GBX 175 ($2.29).

A number of analysts have recently weighed in on MCB shares. Berenberg Bank reissued a “hold” rating and set a GBX 140 ($1.83) price target on shares of McBride in a research report on Tuesday, September 11th. Liberum Capital reissued a “buy” rating and set a GBX 170 ($2.22) price target on shares of McBride in a research report on Thursday, September 6th. Numis Securities decreased their price target on shares of McBride from GBX 210 ($2.74) to GBX 170 ($2.22) and set a “buy” rating for the company in a research report on Tuesday, July 10th. Peel Hunt decreased their price target on shares of McBride from GBX 180 ($2.35) to GBX 165 ($2.16) and set a “hold” rating for the company in a research report on Monday, June 18th. Finally, Jefferies Financial Group raised shares of McBride to a “buy” rating in a research report on Friday, August 24th.

In other news, insider Christopher Ian Charles Smith sold 13,267 shares of the firm’s stock in a transaction that occurred on Tuesday, September 11th. The shares were sold at an average price of GBX 135 ($1.76), for a total transaction of £17,910.45 ($23,403.18).

MCB stock opened at GBX 133.20 ($1.74) on Friday. McBride has a twelve month low of GBX 148.80 ($1.94) and a twelve month high of GBX 235 ($3.07).

About McBride

McBride plc, together with its subsidiaries, manufactures and sells private label household and personal care products to retailers in the United Kingdom, other regions in Europe, and Asia. The company offers various household products, such as laundry products, including laundry powder tablets, liquid gels, and laundry liquid sachets; dishwashing products comprising washing up liquids and machine dishwashing powders, tablets, and gels; household cleaners consisting of bathroom, kitchen, glass, ceramic hobs, antibacterial, and multisurface cleaners; toilet cleaners and descaling products; and air freshener products, such as time release sprays, gel air fresheners, plug-in fresheners, sprays, diffusers, and candles.

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Analyst Recommendations for McBride (LON:MCB)

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