Michelmersh Brick (LON:MBH) Given Buy Rating at Canaccord Genuity Group

Canaccord Genuity Group reissued their buy rating on shares of Michelmersh Brick (LON:MBH) in a research note published on Friday, Marketbeat Ratings reports. They currently have a GBX 170 ($2.13) price objective on the stock.

Separately, Berenberg Bank cut their price objective on Michelmersh Brick from GBX 180 ($2.26) to GBX 170 ($2.13) and set a “buy” rating on the stock in a research note on Tuesday, September 3rd.

Michelmersh Brick Price Performance

Michelmersh Brick has a 1 year low of GBX 80.57 ($1.01) and a 1 year high of GBX 111.65 ($1.40). The stock’s 50 day simple moving average is GBX 100.42 and its two-hundred day simple moving average is GBX 99.77. The company has a debt-to-equity ratio of 2.05, a current ratio of 2.13 and a quick ratio of 1.56. The firm has a market capitalization of £99.20 million, a P/E ratio of 1,323.63 and a beta of 1.01.

Michelmersh Brick Cuts Dividend

The company also recently announced a dividend, which will be paid on Thursday, January 9th. Investors of record on Thursday, November 28th will be paid a GBX 1.60 ($0.02) dividend. The ex-dividend date of this dividend is Thursday, November 28th. This represents a yield of 1.54%. Michelmersh Brick’s payout ratio is presently 6,250.00%.

Michelmersh Brick Company Profile

Michelmersh Brick Holdings plc, together its subsidiaries, manufactures and sells bricks and brick prefabricated products in the United Kingdom and rest of Europe. The company offers extruded wirecut facing bricks, clay pavers, paving accessories, and special shaped products under the Blockleys brand; monotone colour blends in rustic, dragwire, smooth, and sand faced textures under the Carlton brand; prefabricated brick components under the FabSpeed brand; various bricks under the Floren.be brand; and clamp-fired stock facing bricks in various colours and textural finishes under the Freshfield Lane brand.