Canaccord Genuity Group Reiterates “Buy” Rating for Michelmersh Brick (LON:MBH)

Michelmersh Brick (LON:MBH)‘s stock had its “buy” rating reaffirmed by analysts at Canaccord Genuity Group in a report released on Friday, Marketbeat reports. They presently have a GBX 170 ($2.13) target price on the stock.

Separately, Berenberg Bank dropped their price objective on shares of Michelmersh Brick from GBX 180 ($2.26) to GBX 170 ($2.13) and set a “buy” rating for the company in a report on Tuesday, September 3rd.

Michelmersh Brick Stock Performance

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 stock’s fifty day moving average is GBX 100.42 and its two-hundred day moving average is GBX 99.77. The firm has a market capitalization of £99.20 million, a price-to-earnings ratio of 1,323.63 and a beta of 1.01. Michelmersh Brick has a 12 month low of GBX 80.57 ($1.01) and a 12 month high of GBX 111.65 ($1.40).

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.