McBride’s (MCB) Buy Rating Reiterated at Berenberg Bank

McBride (LON:MCB)‘s stock had its “buy” rating reiterated by equities researchers at Berenberg Bank in a research note issued to investors on Thursday, Digital Look reports. They currently have a GBX 275 target price on the stock. Berenberg Bank’s target price would indicate a potential upside of 48.81% from the company’s previous close.

McBride Stock Performance

LON MCB opened at GBX 184.80 on Thursday. The firm has a market cap of £313.74 million, a P/E ratio of 10.93, a P/E/G ratio of -0.36 and a beta of 1.51. McBride has a 52-week low of GBX 106.20 and a 52-week high of GBX 214.10. The business’s 50-day moving average price is GBX 168.31 and its 200 day moving average price is GBX 158.63. The company has a quick ratio of 0.54, a current ratio of 0.95 and a debt-to-equity ratio of 145.77.

Insider Activity at McBride

In other news, insider Christopher Ian Charles Smith sold 246,450 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of GBX 145, for a total transaction of £357,352.50. 29.49% of the stock is owned by company insiders.

About McBride

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.