Michelmersh Brick (LON:MBH) Stock Price Crosses Below 200-Day Moving Average – Here’s Why

Michelmersh Brick Holdings plc (LON:MBH)’s stock price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 80.94 and traded as low as GBX 77. Michelmersh Brick shares last traded at GBX 79.90, with a volume of 247,730 shares.

Wall Street Analysts Forecast Growth

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

Michelmersh Brick Trading Up 2.8%

The company has a current ratio of 2.24, a quick ratio of 1.56 and a debt-to-equity ratio of 4.83. The company has a market cap of £72.44 million, a PE ratio of 20.28 and a beta of 0.78. The business’s 50-day simple moving average is GBX 75.06 and its 200-day simple moving average is GBX 80.94.

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