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 research report report published on Friday morning, MarketBeat Ratings reports. The firm currently has a GBX 170 ($2.14) price objective on the stock.

Separately, Berenberg Bank decreased their target price on shares of Michelmersh Brick from GBX 180 ($2.27) to GBX 170 ($2.14) and set a “buy” rating for the company in a research note on Tuesday, September 3rd.

Michelmersh Brick Price Performance

Shares of MBH stock opened at GBX 105.89 ($1.33) on Friday. The company has a market capitalization of £99.20 million, a PE ratio of 1,323.63 and a beta of 1.01. The firm has a fifty day simple moving average of GBX 100.42 and a 200-day simple moving average of GBX 99.77. The company has a current ratio of 2.13, a quick ratio of 1.56 and a debt-to-equity ratio of 2.05. Michelmersh Brick has a twelve month low of GBX 80.57 ($1.01) and a twelve month high of GBX 111.65 ($1.41).

Michelmersh Brick Cuts Dividend

The business also recently declared a dividend, which will be paid on Thursday, January 9th. Investors of record on Thursday, November 28th will be issued a GBX 1.60 ($0.02) dividend. The ex-dividend date is Thursday, November 28th. This represents a yield of 1.54%. 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.