Michelmersh Brick (LON:MBH) Reaches New 12-Month High – Here’s Why

Shares of Michelmersh Brick Holdings plc (LON:MBH) hit a new 52-week high during trading on Tuesday . The company traded as high as GBX 111.65 ($1.44) and last traded at GBX 109.50 ($1.41), with a volume of 281196 shares. The stock had previously closed at GBX 105 ($1.35).

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank lowered their target price on Michelmersh Brick from GBX 180 ($2.32) to GBX 170 ($2.19) and set a “buy” rating for the company in a research note on Tuesday, September 3rd.

Michelmersh Brick Price Performance

The stock has a 50 day moving average of GBX 99.36 and a two-hundred day moving average of GBX 99.39. 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 stock has a market cap of £99.30 million, a PE ratio of 1,337.10 and a beta of 1.01.

Michelmersh Brick Cuts Dividend

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

About Michelmersh Brick

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.