McBride (LON:MCB) Trading Up 14.8% – Here’s What Happened

Shares of McBride plc (LON:MCB) traded up 14.8% on Thursday . The company traded as high as GBX 134.20 and last traded at GBX 127. 1,641,562 shares changed hands during trading, an increase of 304% from the average session volume of 405,918 shares. The stock had previously closed at GBX 110.60.

Wall Street Analyst Weigh In

Separately, Peel Hunt reissued a “buy” rating and issued a GBX 190 price objective on shares of McBride in a research note on Thursday. One research analyst has rated the stock with a Buy rating, According to MarketBeat, McBride currently has a consensus rating of “Buy” and an average price target of GBX 190.

McBride Price Performance

The company has a quick ratio of 0.54, a current ratio of 0.92 and a debt-to-equity ratio of 222.08. The stock’s 50 day moving average price is GBX 119.34 and its two-hundred day moving average price is GBX 131.13. The firm has a market capitalization of £222.52 million, a price-to-earnings ratio of 6.83, a P/E/G ratio of -0.36 and a beta of 1.17.

McBride (LON:MCB) last released its quarterly earnings data on Wednesday, September 17th. The company reported GBX 22.10 earnings per share (EPS) for the quarter. McBride had a return on equity of 62.24% and a net margin of 3.56%. Analysts anticipate that McBride plc will post 19.2307692 EPS for the current fiscal year.

McBride Company Profile

With trading roots dating back to 1927, McBride boasts a strong heritage. As the leading European manufacturer and supplier of private label and contract manufactured products for the domestic household and professional cleaning and hygiene markets, McBride offers end‑to‑end development and manufacturing capabilities to a wide range of customers in Europe and Asia Pacific.