Michelmersh Brick (LON:MBH) Given Buy Rating at Berenberg Bank

Michelmersh Brick (LON:MBH)‘s stock had its “buy” rating restated by equities research analysts at Berenberg Bank in a research note issued on Tuesday,Digital Look reports. They currently have a GBX 170 ($2.20) price objective on the stock. Berenberg Bank’s price objective would suggest a potential upside of 75.44% from the company’s previous close.

Separately, Canaccord Genuity Group decreased their target price on Michelmersh Brick from GBX 170 ($2.20) to GBX 160 ($2.07) and set a “buy” rating for the company in a report on Tuesday.

Michelmersh Brick Trading Down 4.5 %

Michelmersh Brick stock traded down GBX 4.60 ($0.06) during trading hours on Tuesday, reaching GBX 96.90 ($1.25). The stock had a trading volume of 472,084 shares, compared to its average volume of 122,487. The stock has a market cap of £89.12 million, a PE ratio of 11.02 and a beta of 1.01. The company has a fifty day simple moving average of GBX 105.60 and a 200-day simple moving average of GBX 102.55. The company has a debt-to-equity ratio of 2.05, a current ratio of 2.13 and a quick ratio of 1.56. Michelmersh Brick has a 52 week low of GBX 92 ($1.19) and a 52 week high of GBX 111.65 ($1.44).

Michelmersh Brick (LON:MBH) last announced its quarterly earnings results on Tuesday, March 25th. The company reported GBX 8.18 ($0.11) earnings per share (EPS) for the quarter. Michelmersh Brick had a return on equity of 8.82% and a net margin of 11.46%. Analysts forecast that Michelmersh Brick 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.