Michelmersh Brick’s (MBH) Buy Rating Reiterated at Canaccord Genuity Group

Canaccord Genuity Group reaffirmed their buy rating on shares of Michelmersh Brick (LON:MBH) in a report released on Tuesday morning, MarketBeat reports. The brokerage currently has a GBX 150 target price on the stock.

Separately, Berenberg Bank reduced their target price on shares of Michelmersh Brick from GBX 170 to GBX 150 and set a “buy” rating on the stock in a research note on Tuesday, September 2nd. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of GBX 150.

Michelmersh Brick Stock Up 0.2%

LON MBH opened at GBX 86.20 on Tuesday. The stock has a fifty day moving average of GBX 88.35 and a 200-day moving average of GBX 100.58. The stock has a market capitalization of £78.55 million, a P/E ratio of 15.34 and a beta of 1.01. Michelmersh Brick has a 52 week low of GBX 80 and a 52 week high of GBX 119. The company has a debt-to-equity ratio of 2.05, a quick ratio of 1.56 and a current ratio of 2.13.

Michelmersh Brick (LON:MBH) last issued its quarterly earnings results on Tuesday, September 2nd. The company reported GBX 3.30 earnings per share (EPS) for the quarter. Michelmersh Brick had a return on equity of 8.82% and a net margin of 11.46%. On average, equities research analysts forecast that Michelmersh Brick will post 10.3053435 EPS for the current year.

Michelmersh Brick Company Profile

Michelmersh Brick Holdings PLC is a business with seven market leading brands: Blockleys, Carlton, Charnwood, Freshfield Lane, Michelmersh, Hathern Terra Cotta and Floren. These divisions operate within a fully integrated business combining the manufacture of clay bricks and pavers. The Group also includes a landfill operator, New Acres Limited, and seeks to develop future landfill and development opportunities on ancillary land assets.

Established in 1997 the Company has grown through acquisition and organic growth into a profitable and asset rich business, producing over 120 million clay bricks and pavers per annum.