Michelmersh Brick Holdings plc (LON:MBH) Plans Dividend of GBX 1.60

Michelmersh Brick Holdings plc (LON:MBH) declared a dividend on Tuesday, September 3rd,Upcoming Dividends.Co.Uk reports. Stockholders of record on Thursday, November 28th will be given a dividend of GBX 1.60 ($0.02) per share on Thursday, January 9th. This represents a dividend yield of 1.54%. The ex-dividend date is Thursday, November 28th. The official announcement can be seen at this link.

Michelmersh Brick Stock Performance

Shares of MBH stock opened at GBX 106 ($1.33) on Wednesday. Michelmersh Brick has a 12 month low of GBX 81.20 ($1.02) and a 12 month high of GBX 111.65 ($1.40). The stock has a market capitalization of £99.30 million, a P/E ratio of 1,318.75 and a beta of 1.01. The company has a current ratio of 2.13, a quick ratio of 1.56 and a debt-to-equity ratio of 2.05. The firm’s 50 day moving average is GBX 100.51 and its 200 day moving average is GBX 99.85.

Analysts Set New Price Targets

MBH has been the subject of a number of analyst reports. Berenberg Bank cut their price target on Michelmersh Brick from GBX 180 ($2.26) to GBX 170 ($2.14) and set a “buy” rating for the company in a report on Tuesday, September 3rd. Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 170 ($2.14) target price on shares of Michelmersh Brick in a report on Friday, November 22nd.

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.