Brickability Group (LON:BRCK) Stock Price Down 14.4% on Analyst Downgrade

Shares of Brickability Group Plc (LON:BRCK) dropped 14.4% during mid-day trading on Wednesday after Canaccord Genuity Group lowered their price target on the stock from GBX 93 to GBX 77. Canaccord Genuity Group currently has a buy rating on the stock. Brickability Group traded as low as GBX 41.75 and last traded at GBX 41.95. Approximately 18,337,301 shares changed hands during trading, an increase of 1,329% from the average session volume of 1,282,917 shares. The stock had previously closed at GBX 49.

Brickability Group Stock Down 14.6%

The stock has a market cap of £135.21 million, a price-to-earnings ratio of 104.56 and a beta of 0.31. The stock has a 50 day simple moving average of GBX 48.43 and a 200 day simple moving average of GBX 49.64. The company has a quick ratio of 1.07, a current ratio of 1.37 and a debt-to-equity ratio of 64.27.

Brickability Group Company Profile

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.