McBride (LON:MCB) Sets New 1-Year Low at $82.00

Shares of McBride plc (LON:MCB) hit a new 52-week low during mid-day trading on Friday . The stock traded as low as GBX 82 ($1.07) and last traded at GBX 82 ($1.07), with a volume of 383466 shares traded. The stock had previously closed at GBX 82.50 ($1.08).

MCB has been the subject of several recent research reports. Peel Hunt reiterated a “hold” rating on shares of McBride in a report on Tuesday, May 28th. Jefferies Financial Group restated a “buy” rating on shares of McBride in a report on Tuesday, April 9th. Liberum Capital restated a “buy” rating on shares of McBride in a report on Wednesday, February 20th. Numis Securities started coverage on McBride in a report on Wednesday, March 6th. They set an “add” rating and a GBX 115 ($1.50) target price on the stock. Finally, Berenberg Bank cut their target price on McBride from GBX 140 ($1.83) to GBX 95 ($1.24) and set a “hold” rating on the stock in a report on Friday, February 22nd. Three investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. McBride currently has a consensus rating of “Hold” and an average price target of GBX 116.25 ($1.52).

The company has a quick ratio of 0.64, a current ratio of 1.03 and a debt-to-equity ratio of 160.91. The firm has a market cap of $152.64 million and a price-to-earnings ratio of 13.67.

In related news, insider Christopher Ian Charles Smith bought 19,692 shares of the business’s stock in a transaction on Thursday, April 4th. The shares were bought at an average cost of GBX 102 ($1.33) per share, for a total transaction of £20,085.84 ($26,245.71).

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About McBride (LON:MCB)

McBride plc, together with its subsidiaries, manufactures and sells private label household and personal care products to retailers in the United Kingdom, other regions in Europe, and Asia. The company offers various household products, such as laundry products, including laundry powder tablets, liquid gels, and laundry liquid sachets; dishwashing products comprising washing up liquids and machine dishwashing powders, tablets, and gels; household cleaners consisting of bathroom, kitchen, glass, ceramic hobs, antibacterial, and multisurface cleaners; toilet cleaners and descaling products; and air freshener products, such as time release sprays, gel air fresheners, plug-in fresheners, sprays, diffusers, and candles.

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