Michelmersh Brick (LON:MBH) Stock Price Up 1% – Time to Buy?

Shares of Michelmersh Brick Holdings plc (LON:MBH) traded up 1% on Friday . The company traded as high as GBX 103.20 ($1.30) and last traded at GBX 102 ($1.29). 119,550 shares traded hands during mid-day trading, a decline of 43% from the average session volume of 209,725 shares. The stock had previously closed at GBX 101 ($1.27).

Analysts Set New Price Targets

Several research firms have recently issued reports on MBH. Berenberg Bank reduced their price target on Michelmersh Brick from GBX 180 ($2.27) to GBX 170 ($2.15) and set a “buy” rating on the stock in a research report on Tuesday, September 3rd. Canaccord Genuity Group restated a “buy” rating and set a GBX 170 ($2.15) target price on shares of Michelmersh Brick in a research report on Friday, November 22nd.

Michelmersh Brick Trading Up 1.0 %

The company has a current ratio of 2.13, a quick ratio of 1.56 and a debt-to-equity ratio of 2.05. The business has a 50 day moving average of GBX 101.29 and a 200-day moving average of GBX 99.95. The firm has a market capitalization of £95.55 million, a P/E ratio of 1,275.00 and a beta of 1.01.

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.