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

Michelmersh Brick (LON:MBH) had its price objective cut by equities research analysts at Canaccord Genuity Group from GBX 170 ($2.19) to GBX 160 ($2.06) in a research report issued to clients and investors on Tuesday, MarketBeat.com reports. The firm presently has a “buy” rating on the stock. Canaccord Genuity Group’s price objective points to a potential upside of 65.59% from the stock’s current price.

Michelmersh Brick Trading Down 1.4 %

LON:MBH opened at GBX 96.63 ($1.24) on Tuesday. The company has a market cap of £88.86 million, a P/E ratio of 10.99 and a beta of 1.01. Michelmersh Brick has a twelve month low of GBX 92 ($1.18) and a twelve month high of GBX 111.65 ($1.44). 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 announced its earnings results on Tuesday, March 25th. The company reported GBX 8.18 ($0.11) EPS for the quarter. Michelmersh Brick had a net margin of 11.46% and a return on equity of 8.82%. As a group, analysts expect that Michelmersh Brick will post 10.3053435 EPS for the current fiscal 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.