Michelmersh Brick’s (MBH) “Buy” Rating Reiterated at Berenberg Bank

Berenberg Bank restated their buy rating on shares of Michelmersh Brick (LON:MBH) in a report released on Tuesday morning, Marketbeat.com reports. They currently have a GBX 170 ($2.20) price objective on the stock.

Separately, Canaccord Genuity Group reduced 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 note on Tuesday.

Michelmersh Brick Price Performance

Shares of MBH opened at GBX 96.71 ($1.25) on Tuesday. The firm has a fifty day moving average price of GBX 105.07 and a 200 day moving average price of GBX 102.42. The stock has a market cap of £88.95 million, a PE ratio of 11.00 and a beta of 1.01. Michelmersh Brick has a 1-year low of GBX 92 ($1.19) and a 1-year high of GBX 111.65 ($1.45). The company has a debt-to-equity ratio of 2.05, a current ratio of 2.13 and a quick ratio of 1.56.

Michelmersh Brick (LON:MBH) last posted its quarterly earnings data on Tuesday, March 25th. The company reported GBX 8.18 ($0.11) earnings per share for the quarter. Michelmersh Brick had a return on equity of 8.82% and a net margin of 11.46%. As a group, sell-side analysts anticipate that Michelmersh Brick will post 10.3053435 EPS for the current year.

Michelmersh Brick Increases Dividend

The firm also recently declared a dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Thursday, June 5th will be issued a GBX 3 ($0.04) dividend. This is a boost from Michelmersh Brick’s previous dividend of $1.60. This represents a dividend yield of 3.06%. The ex-dividend date is Thursday, June 5th. Michelmersh Brick’s dividend payout ratio (DPR) is currently 56.87%.

About Michelmersh Brick

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.