Michelmersh Brick Holdings plc (LON:MBH) Declares Dividend of GBX 3

Michelmersh Brick Holdings plc (LON:MBH) declared a dividend on Tuesday, March 25th, DividendData.Co.Uk reports. Investors of record on Thursday, June 5th will be given a dividend of GBX 3 ($0.04) per share on Wednesday, July 9th. This represents a yield of 3.06%. The ex-dividend date of this dividend is Thursday, June 5th. This is a 87.5% increase from Michelmersh Brick’s previous dividend of $1.60. The official announcement can be viewed at this link.

Michelmersh Brick Trading Down 1.2 %

LON:MBH traded down GBX 1.20 ($0.02) during midday trading on Wednesday, reaching GBX 96.80 ($1.25). 214,048 shares of the stock traded hands, compared to its average volume of 124,341. The stock has a market capitalization of £89.02 million, a P/E ratio of 11.01 and a beta of 1.01. Michelmersh Brick has a 12 month low of GBX 92 ($1.19) and a 12 month high of GBX 111.65 ($1.45). The company has a debt-to-equity ratio of 2.05, a quick ratio of 1.56 and a current ratio of 2.13. The company has a fifty day moving average of GBX 105.44 and a 200 day moving average of GBX 102.50.

Michelmersh Brick (LON:MBH) last posted its earnings results on Tuesday, March 25th. The company reported GBX 8.18 ($0.11) earnings per share for the quarter. Michelmersh Brick had a net margin of 11.46% and a return on equity of 8.82%. On average, research analysts predict that Michelmersh Brick will post 10.3053435 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on MBH. Berenberg Bank reaffirmed a “buy” rating and set a GBX 170 ($2.20) price target on shares of Michelmersh Brick in a report on Tuesday. Canaccord Genuity Group dropped their target price on shares of Michelmersh Brick from GBX 170 ($2.20) to GBX 160 ($2.07) and set a “buy” rating for the company in a research report on Tuesday.

Michelmersh Brick Company Profile

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.