Michelmersh Brick (LON:MBH) Issues Earnings Results

Michelmersh Brick (LON:MBH) issued its quarterly earnings data on Tuesday. The company reported GBX 2.56 earnings per share for the quarter, Digital Look Earnings reports. Michelmersh Brick had a net margin of 5.30% and a return on equity of 3.91%.

Michelmersh Brick Trading Up 0.5%

Michelmersh Brick stock opened at GBX 74.88 on Wednesday. The firm has a market capitalization of £67.89 million, a price-to-earnings ratio of 19.01 and a beta of 0.81. Michelmersh Brick has a 12-month low of GBX 66 and a 12-month high of GBX 101. The firm has a 50 day moving average of GBX 78.05 and a 200 day moving average of GBX 78.06. The company has a current ratio of 2.24, a quick ratio of 1.56 and a debt-to-equity ratio of 4.83.

Analyst Ratings Changes

Several research analysts have issued reports on MBH shares. Canaccord Genuity Group reissued a “buy” rating and issued a GBX 130 target price on shares of Michelmersh Brick in a research report on Thursday, May 21st. Berenberg Bank reissued a “buy” rating and issued a GBX 120 price objective on shares of Michelmersh Brick in a report on Wednesday. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of GBX 125.

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.