McBride (LON:MCB) Stock Price Crosses Above 200-Day Moving Average – Here’s What Happened

McBride plc (LON:MCB) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 128.82 and traded as high as GBX 159.80. McBride shares last traded at GBX 158.60, with a volume of 188,922 shares traded.

Analyst Ratings Changes

Separately, Peel Hunt reiterated a “buy” rating and set a GBX 190 price target on shares of McBride in a research note on Thursday, November 20th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, McBride has an average rating of “Buy” and an average target price of GBX 190.

McBride Stock Performance

The company has a quick ratio of 0.54, a current ratio of 0.92 and a debt-to-equity ratio of 222.08. The stock has a fifty day moving average price of GBX 145.25 and a 200-day moving average price of GBX 128.82. The firm has a market cap of £274.78 million, a price-to-earnings ratio of 8.53, a price-to-earnings-growth ratio of -0.36 and a beta of 1.17.

McBride declared that its Board of Directors has initiated a stock repurchase plan on Monday, December 1st that permits the company to repurchase 0 outstanding shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s board believes its stock is undervalued.

McBride Company Profile

With trading roots dating back to 1927, McBride boasts a strong heritage. As the leading European manufacturer and supplier of private label and contract manufactured products for the domestic household and professional cleaning and hygiene markets, McBride offers end‑to‑end development and manufacturing capabilities to a wide range of customers in Europe and Asia Pacific.