Michelmersh Brick (LON:MBH) Stock Rating Reaffirmed by Berenberg Bank

Berenberg Bank reiterated their buy rating on shares of Michelmersh Brick (LON:MBHGet Rating) in a research report sent to investors on Wednesday, Marketbeat reports. Berenberg Bank currently has a GBX 160 ($2.08) price objective on the stock.

Separately, Canaccord Genuity Group reiterated a buy rating and issued a GBX 162 ($2.11) target price on shares of Michelmersh Brick in a research note on Friday, March 25th.

LON MBH opened at GBX 123 ($1.60) on Wednesday. The company has a debt-to-equity ratio of 14.03, a quick ratio of 1.90 and a current ratio of 2.55. The firm has a 50-day simple moving average of GBX 117.66 and a 200 day simple moving average of GBX 123.91. Michelmersh Brick has a twelve month low of GBX 106.50 ($1.39) and a twelve month high of GBX 158 ($2.06). The stock has a market cap of £117.86 million and a PE ratio of 17.32.

The firm also recently declared a dividend, which will be paid on Wednesday, July 13th. Shareholders of record on Wednesday, June 1st will be paid a dividend of GBX 2.50 ($0.03) per share. This is a boost from Michelmersh Brick’s previous dividend of $1.15. The ex-dividend date is Wednesday, June 1st. This represents a yield of 2.26%. Michelmersh Brick’s dividend payout ratio (DPR) is currently 0.51%.

About Michelmersh Brick (Get Rating)

Michelmersh Brick Holdings plc, through its subsidiaries, engages in the manufacture and sale of bricks, tiles, and building products in the United Kingdom and Europe. It offers extruded wire cut facing bricks, clay pavers, paving accessories, and special shaped products under the Blockleys brand; monotone color blends in rustic, drag wire, smooth, and sand faced textures under the Carlton brand; handmade bricks and special products under the Charnwood brand; a spectrum of bricks under the Floren.be brand; clamp-fired stock facing bricks in various textural finishes under the Freshfield Lane brand; traditional hand pressed architectural terra cotta and faience, and various architectural components under the Hathern Terra Cotta brand; and facing bricks and special shaped bricks under the Michelmersh brand.

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