Berenberg Bank Trims Michelmersh Brick (LON:MBH) Target Price to GBX 170

Michelmersh Brick (LON:MBH) had its price target lowered by Berenberg Bank from GBX 180 ($2.37) to GBX 170 ($2.24) in a report published on Tuesday, Marketbeat reports. The firm currently has a buy rating on the stock.

Separately, Canaccord Genuity Group reaffirmed a buy rating and set a GBX 180 ($2.37) price target on shares of Michelmersh Brick in a research report on Thursday, May 16th.

Michelmersh Brick Price Performance

MBH stock opened at GBX 97.50 ($1.28) on Tuesday. The company has a market capitalization of £91.34 million, a P/E ratio of 1,218.75 and a beta of 1.01. Michelmersh Brick has a 12 month low of GBX 75 ($0.99) and a 12 month high of GBX 108 ($1.42). The firm’s fifty day simple moving average is GBX 99.65 and its 200-day simple moving average is GBX 98.79. The company has a debt-to-equity ratio of 1.55, a current ratio of 2.44 and a quick ratio of 1.56.

Michelmersh Brick Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, January 9th. Shareholders of record on Thursday, November 28th will be given a GBX 1.60 ($0.02) dividend. The ex-dividend date of this dividend is Thursday, November 28th. This represents a yield of 1.54%. Michelmersh Brick’s dividend payout ratio is presently 6,250.00%.

Michelmersh Brick Company Profile

Michelmersh Brick Holdings plc, together its subsidiaries, manufactures and sells bricks and brick prefabricated products in the United Kingdom and rest of Europe. The company offers extruded wirecut facing bricks, clay pavers, paving accessories, and special shaped products under the Blockleys brand; monotone colour blends in rustic, dragwire, smooth, and sand faced textures under the Carlton brand; prefabricated brick components under the FabSpeed brand; various bricks under the Floren.be brand; and clamp-fired stock facing bricks in various colours and textural finishes under the Freshfield Lane brand.