Michelmersh Brick’s (MBH) Buy Rating Reaffirmed at Berenberg Bank

Berenberg Bank reaffirmed their buy rating on shares of Michelmersh Brick (LON:MBH) in a research note released on Tuesday morning, MarketBeat reports. Berenberg Bank currently has a GBX 170 ($2.20) price target on the stock.

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

Michelmersh Brick Stock Down 4.5 %

Shares of MBH opened at GBX 96.90 ($1.25) on Tuesday. Michelmersh Brick has a 52 week low of GBX 92 ($1.19) and a 52 week high of GBX 111.65 ($1.45). The firm has a market capitalization of £89.12 million, a P/E ratio of 11.02 and a beta of 1.01. The company has a 50-day simple moving average of GBX 105.44 and a 200-day simple moving average of GBX 102.50. The company has a debt-to-equity ratio of 2.05, a quick ratio of 1.56 and a current ratio of 2.13.

Michelmersh Brick (LON:MBH) last posted 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%. On average, equities research analysts expect that Michelmersh Brick will post 10.3053435 earnings per share for the current 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.