Berenberg Bank Reaffirms “Buy” Rating for Michelmersh Brick (LON:MBH)

Michelmersh Brick (LON:MBH)‘s stock had its “buy” rating reiterated by equities research analysts at Berenberg Bank in a research report issued to clients and investors on Tuesday, MarketBeat Ratings reports. They currently have a GBX 170 ($2.19) target price on the stock. Berenberg Bank’s target price would indicate a potential upside of 75.94% from the stock’s previous close.

Separately, Canaccord Genuity Group dropped their target price on shares of Michelmersh Brick from GBX 170 ($2.19) to GBX 160 ($2.06) and set a “buy” rating on the stock in a report on Tuesday.

Michelmersh Brick Stock Performance

Shares of LON MBH opened at GBX 96.63 ($1.24) on Tuesday. The business’s 50-day simple moving average is GBX 105.25 and its 200-day simple moving average is GBX 102.46. Michelmersh Brick has a 52 week low of GBX 92 ($1.18) and a 52 week high of GBX 111.65 ($1.44). The company has a debt-to-equity ratio of 2.05, a quick ratio of 1.56 and a current ratio of 2.13. The firm has a market cap of £88.86 million, a price-to-earnings ratio of 10.99 and a beta of 1.01.

Michelmersh Brick (LON:MBH) last announced its quarterly earnings results on Tuesday, March 25th. The company reported GBX 8.18 ($0.11) EPS for the quarter. Michelmersh Brick had a return on equity of 8.82% and a net margin of 11.46%. As a group, equities research analysts expect that Michelmersh Brick will post 10.3053435 earnings per share 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.