Michelmersh Brick (LON:MBH) Sets New 1-Year High – What’s Next?

Michelmersh Brick Holdings plc (LON:MBH)’s stock price reached a new 52-week high during trading on Wednesday . The stock traded as high as GBX 109.05 ($1.41) and last traded at GBX 106 ($1.37), with a volume of 548033 shares traded. The stock had previously closed at GBX 103 ($1.34).

Analyst Upgrades and Downgrades

Separately, Berenberg Bank dropped their price target on shares of Michelmersh Brick from GBX 180 ($2.33) to GBX 170 ($2.20) and set a “buy” rating on the stock in a research report on Tuesday, September 3rd.

Michelmersh Brick Price Performance

The company has a debt-to-equity ratio of 2.05, a current ratio of 2.13 and a quick ratio of 1.56. The company has a fifty day moving average of GBX 98.90 and a 200-day moving average of GBX 99.03. The firm has a market cap of £99.30 million, a P/E ratio of 1,287.50 and a beta of 1.01.

Michelmersh Brick Cuts Dividend

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