Michelmersh Brick (LON:MBH) Releases Earnings Results

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

Michelmersh Brick Price Performance

MBH stock opened at GBX 75 on Tuesday. The firm has a 50 day moving average of GBX 78.13 and a 200-day moving average of GBX 78.18. The company has a market cap of £68.00 million, a price-to-earnings ratio of 19.04 and a beta of 0.81. The company has a current ratio of 2.24, a quick ratio of 1.56 and a debt-to-equity ratio of 4.83. Michelmersh Brick has a 12-month low of GBX 66 and a 12-month high of GBX 101.

Analyst Ratings Changes

Separately, Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 130 price objective on shares of Michelmersh Brick in a research report on Thursday, May 21st. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat, Michelmersh Brick currently has a consensus rating of “Buy” and a consensus price target 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.