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

Michelmersh Brick (LON:MBH) had its price target dropped by Canaccord Genuity Group from GBX 170 ($2.20) to GBX 160 ($2.07) in a research report issued on Tuesday,Digital Look reports. The firm presently has a “buy” rating on the stock. Canaccord Genuity Group’s price target would suggest a potential upside of 64.61% from the stock’s previous close.

Michelmersh Brick Trading Down 4.2 %

Shares of Michelmersh Brick stock opened at GBX 97.20 ($1.26) on Tuesday. Michelmersh Brick has a fifty-two week low of GBX 92 ($1.19) and a fifty-two week high of GBX 111.65 ($1.44). The business’s fifty day moving average is GBX 105.60 and its two-hundred day moving average is GBX 102.55. The company has a quick ratio of 1.56, a current ratio of 2.13 and a debt-to-equity ratio of 2.05. The firm has a market cap of £89.39 million, a PE ratio of 11.05 and a beta of 1.01.

Michelmersh Brick (LON:MBH) last released its earnings results on Tuesday, March 25th. The company reported GBX 8.18 ($0.11) earnings per share for the quarter. Michelmersh Brick had a return on equity of 8.82% and a net margin of 11.46%. Analysts anticipate that Michelmersh Brick will post 10.3053435 earnings per share 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.