Liberum Capital Reaffirms Buy Rating for McBride (MCB)

Liberum Capital restated their buy rating on shares of McBride (LON:MCB) in a research report released on Wednesday, March 14th. The firm currently has a GBX 235 ($3.30) target price on the stock.

Several other brokerages have also commented on MCB. Peel Hunt decreased their price objective on shares of McBride from GBX 215 ($3.02) to GBX 200 ($2.81) and set an add rating on the stock in a report on Monday, January 8th. Numis Securities decreased their price objective on shares of McBride from GBX 240 ($3.37) to GBX 210 ($2.95) and set a buy rating on the stock in a report on Wednesday, February 28th. Finally, Investec decreased their price objective on shares of McBride from GBX 230 ($3.23) to GBX 215 ($3.02) and set a buy rating on the stock in a report on Friday, March 2nd. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. The stock presently has a consensus rating of Buy and an average price target of GBX 216.67 ($3.04).

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Shares of MCB stock traded up GBX 2.60 ($0.04) during trading hours on Wednesday, hitting GBX 160.80 ($2.26). The company had a trading volume of 109,415 shares, compared to its average volume of 273,889. McBride has a fifty-two week low of GBX 148.80 ($2.09) and a fifty-two week high of GBX 235 ($3.30).

McBride (LON:MCB) last issued its quarterly earnings data on Thursday, February 22nd. The company reported GBX 5.20 ($0.07) EPS for the quarter. McBride had a net margin of 0.33% and a return on equity of 3.77%. The firm had revenue of £368.40 million for the quarter.

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About McBride

McBride plc, together with its subsidiaries, manufactures and sells private label household and personal care products to retailers in the United Kingdom, other regions in Europe, and Asia. The company offers various household products, such as laundry products, including laundry powder tablets, liquid gels, and laundry liquid sachets; dishwashing products comprising washing up liquids and machine dishwashing powders, tablets, and gels; household cleaners consisting of bathroom, kitchen, glass, ceramic hobs, antibacterial, and multisurface cleaners; toilet cleaners and descaling products; and air freshener products, such as time release sprays, gel air fresheners, plug-in fresheners, sprays, diffusers, and candles.

Analyst Recommendations for McBride (LON:MCB)

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