Canaccord Genuity Group Cuts Michelmersh Brick (LON:MBH) Price Target to GBX 160

Michelmersh Brick (LON:MBH) had its price objective trimmed by Canaccord Genuity Group from GBX 170 ($2.20) to GBX 160 ($2.07) in a research report report published on Tuesday morning, Marketbeat reports. The brokerage currently has a buy rating on the stock.

Michelmersh Brick Stock Performance

LON:MBH opened at GBX 96.90 ($1.25) on Tuesday. The stock’s 50-day moving average is GBX 105.44 and its 200-day moving average is GBX 102.50. Michelmersh Brick has a 1-year low of GBX 92 ($1.19) and a 1-year high of GBX 111.65 ($1.45). 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 stock has a market cap of £89.12 million, a P/E ratio of 11.02 and a beta of 1.01.

Michelmersh Brick (LON:MBH) last posted its earnings results on Tuesday, March 25th. The company reported GBX 8.18 ($0.11) EPS for the quarter. Michelmersh Brick had a net margin of 11.46% and a return on equity of 8.82%. Equities research analysts anticipate 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.