Michelmersh Brick (LON:MBH) Issues Earnings Results

Michelmersh Brick (LON:MBH) posted its quarterly earnings data on Tuesday. The company reported GBX 2.56 EPS 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 Stock Up 0.0%

Michelmersh Brick stock opened at GBX 74.90 on Wednesday. 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 1-year low of GBX 66 and a 1-year high of GBX 101. The firm’s fifty day simple moving average is GBX 78.05 and its 200-day simple moving average is GBX 78.06. The company has a market capitalization of £67.90 million, a P/E ratio of 19.01 and a beta of 0.81.

Analysts Set New Price Targets

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