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

Michelmersh Brick (LON:MBH)‘s stock had its “buy” rating reissued by stock analysts at Berenberg Bank in a report released on Tuesday, Marketbeat Ratings reports. They currently have a GBX 170 ($2.19) price target on the stock. Berenberg Bank’s price target indicates a potential upside of 75.94% from the company’s current price.

Separately, Canaccord Genuity Group decreased 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 research report on Tuesday.

Michelmersh Brick Trading Down 1.4 %

Michelmersh Brick stock opened at GBX 96.63 ($1.24) on Tuesday. Michelmersh Brick has a 12 month low of GBX 92 ($1.18) and a 12 month high of GBX 111.65 ($1.44). The stock has a market cap of £88.86 million, a price-to-earnings ratio of 10.99 and a beta of 1.01. The business has a 50 day moving average price of GBX 105.25 and a two-hundred day moving average price of GBX 102.46. The company has a quick ratio of 1.56, a current ratio of 2.13 and a debt-to-equity ratio of 2.05.

Michelmersh Brick (LON:MBH) last issued its 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 analysts forecast that Michelmersh Brick will post 10.3053435 EPS for the current 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.