Michelmersh Brick’s (MBH) “Buy” Rating Reaffirmed at Berenberg Bank

Berenberg Bank reissued their buy rating on shares of Michelmersh Brick (LON:MBH) in a research note published on Tuesday morning, Marketbeat Ratings reports. Berenberg Bank currently has a GBX 170 ($2.20) price target on the stock.

Separately, Canaccord Genuity Group dropped their price target on Michelmersh Brick from GBX 170 ($2.20) to GBX 160 ($2.07) and set a “buy” rating for the company in a report on Tuesday.

Michelmersh Brick Stock Down 4.5 %

MBH opened at GBX 96.90 ($1.25) on Tuesday. Michelmersh Brick has a twelve month low of GBX 92 ($1.19) and a twelve month high of GBX 111.65 ($1.45). The firm has a market cap of £89.12 million, a price-to-earnings ratio of 11.02 and a beta of 1.01. The firm’s 50-day simple moving average is GBX 105.44 and its 200-day simple moving average is GBX 102.50. The company has a debt-to-equity ratio of 2.05, a quick ratio of 1.56 and a current ratio of 2.13.

Michelmersh Brick (LON:MBH) last issued its quarterly earnings data on Tuesday, March 25th. The company reported GBX 8.18 ($0.11) earnings per share 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 EPS for the current fiscal 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.