Michelmersh Brick (LON:MBH) Share Price Crosses Below Two Hundred Day Moving Average – What’s Next?

Shares of Michelmersh Brick Holdings plc (LON:MBH) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 81.25 and traded as low as GBX 76. Michelmersh Brick shares last traded at GBX 76, with a volume of 74,451 shares trading hands.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Berenberg Bank cut their price objective on Michelmersh Brick from GBX 150 to GBX 120 and set a “buy” rating on the stock in a report on Wednesday, March 25th. Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 130 target price on shares of Michelmersh Brick in a report on Thursday, May 21st. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of GBX 125.

Michelmersh Brick Stock Performance

The firm has a market cap of £68.90 million, a PE ratio of 19.29 and a beta of 0.78. The firm has a 50-day moving average price of GBX 74.19 and a two-hundred day moving average price of GBX 81.25. The company has a quick ratio of 1.56, a current ratio of 2.24 and a debt-to-equity ratio of 4.83.

Michelmersh Brick (LON:MBH) last released its earnings results on Tuesday, March 24th. The company reported GBX 7.50 earnings per share for the quarter. Michelmersh Brick had a return on equity of 3.91% and a net margin of 5.30%. Research analysts forecast that Michelmersh Brick Holdings plc will post 10.3053435 EPS for the current fiscal 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.