Michelmersh Brick (LON:MBH) Hits New 52-Week High – Time to Buy?

Michelmersh Brick Holdings plc (LON:MBH) reached a new 52-week high 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 traded. The stock had previously closed at GBX 105 ($1.35).

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank dropped their price target on shares of Michelmersh Brick from GBX 180 ($2.32) to GBX 170 ($2.19) and set a “buy” rating on the stock in a research note 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 business’s fifty day moving average price is GBX 98.97 and its 200-day moving average price is GBX 99.26. The stock has a market capitalization of £102.58 million, a price-to-earnings ratio of 1,357.50 and a beta of 1.01.

Michelmersh Brick Cuts Dividend

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