Brickability Group (LON:BRCK) Shares Down 1.7% – Here’s Why

Brickability Group Plc (LON:BRCK)’s stock price dropped 1.7% on Wednesday . The stock traded as low as GBX 48.30 and last traded at GBX 48.65. 319,502 shares traded hands during trading, a decline of 63% from the average session volume of 861,289 shares. The stock had previously closed at GBX 49.50.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group lowered shares of Brickability Group to a “buy” rating and lifted their price target for the stock from GBX 93 to GBX 106 in a research report on Wednesday, June 10th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of GBX 106.

Brickability Group Stock Performance

The firm’s fifty day simple moving average is GBX 49.22 and its 200 day simple moving average is GBX 50.48. The company has a market capitalization of £156.72 million, a price-to-earnings ratio of 14.92 and a beta of 0.32. The company has a debt-to-equity ratio of 55.47, a current ratio of 1.34 and a quick ratio of 1.07.

About Brickability Group

BRCK Group PLC is a leading distributor and provider of specialist products and services to the UK construction industry. The business comprises four divisions: Bricks and Building Materials, Importing, Distribution and Contracting. With an agile, de-centralised, capital-light business model, supported by a strong balance sheet, BRCK leverages the skills of its people company-wide to effectively service the complex and evolving needs of the construction industry.

Founded in 1985, the Group has grown organically through product diversification and geographic expansion, as well as through the acquisition of specialist businesses that support its long-term strategy for growth.