Berenberg Bank Issues Pessimistic Forecast for Michelmersh Brick (LON:MBH) Stock Price

Michelmersh Brick (LON:MBH) had its price objective reduced by stock analysts at Berenberg Bank from GBX 150 to GBX 120 in a research note issued to investors on Wednesday, MarketBeat.com reports. The firm currently has a “buy” rating on the stock. Berenberg Bank’s price objective would indicate a potential upside of 71.86% from the company’s current price.

Separately, Canaccord Genuity Group decreased their target price on Michelmersh Brick from GBX 150 to GBX 130 and set a “buy” rating for the company in a research report on Tuesday. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat, Michelmersh Brick currently has an average rating of “Buy” and an average price target of GBX 125.

Michelmersh Brick Price Performance

Shares of MBH opened at GBX 69.83 on Wednesday. The company has a debt-to-equity ratio of 4.83, a current ratio of 2.24 and a quick ratio of 1.56. Michelmersh Brick has a 1-year low of GBX 66 and a 1-year high of GBX 119. The stock has a market cap of £63.30 million, a PE ratio of 12.42 and a beta of 0.71. The firm has a fifty day moving average price of GBX 84.51 and a 200 day moving average price of GBX 87.29.

Michelmersh Brick (LON:MBH) last issued its quarterly earnings data on Tuesday, March 24th. The company reported GBX 7.50 earnings per share (EPS) for the quarter. Michelmersh Brick had a return on equity of 3.91% and a net margin of 5.30%. As a group, sell-side analysts anticipate that Michelmersh Brick will post 10.3053435 EPS for the current year.

About Michelmersh Brick

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.