Michelmersh Brick’s (MBH) “Buy” Rating Reiterated at Canaccord Genuity Group

Canaccord Genuity Group reiterated their buy rating on shares of Michelmersh Brick (LON:MBH) in a report released on Friday, Marketbeat.com reports. The firm currently has a GBX 170 ($2.14) price objective on the stock.

Separately, Berenberg Bank lowered their target price on Michelmersh Brick from GBX 180 ($2.26) to GBX 170 ($2.14) and set a “buy” rating on the stock in a research report on Tuesday, September 3rd.

Michelmersh Brick Price Performance

MBH opened at GBX 105 ($1.32) on Friday. The company has a fifty day simple moving average of GBX 100.44 and a 200 day simple moving average of GBX 99.80. Michelmersh Brick has a 12 month low of GBX 81.20 ($1.02) and a 12 month high of GBX 111.65 ($1.40). The stock has a market cap of £98.36 million, a P/E ratio of 1,312.50 and a beta of 1.01. 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 Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, January 9th. Stockholders of record on Thursday, November 28th will be issued a dividend of GBX 1.60 ($0.02) per share. This represents a dividend yield of 1.54%. The ex-dividend date is Thursday, November 28th. Michelmersh Brick’s dividend payout ratio is presently 6,250.00%.

About Michelmersh Brick

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.