Michelmersh Brick (LON:MBH) Reaches New 12-Month High at $110.70

Michelmersh Brick Holdings Plc (LON:MBH) shares reached a new 52-week high on Friday . The company traded as high as GBX 110.70 ($1.45) and last traded at GBX 109.50 ($1.43), with a volume of 444892 shares changing hands. The stock had previously closed at GBX 106 ($1.39).

Separately, Canaccord Genuity raised their price target on shares of Michelmersh Brick from GBX 103 ($1.35) to GBX 104 ($1.36) and gave the company a “buy” rating in a research report on Tuesday, September 3rd.

The company has a quick ratio of 1.54, a current ratio of 2.24 and a debt-to-equity ratio of 34.51. The business’s 50-day moving average is GBX 96.78 and its two-hundred day moving average is GBX 92.35. The company has a market capitalization of $101.27 million and a P/E ratio of 17.38.

The company also recently declared a dividend, which will be paid on Friday, January 10th. Investors of record on Thursday, December 5th will be given a dividend of GBX 1.15 ($0.02) per share. This represents a dividend yield of 1.24%. The ex-dividend date is Thursday, December 5th. Michelmersh Brick’s payout ratio is currently 0.32%.

About Michelmersh Brick (LON:MBH)

Michelmersh Brick Holdings Plc, through its subsidiaries, manufactures and sells bricks, tiles, and building products in the United Kingdom, Europe, and internationally. It operates through Building Materials and Landfill segments. The company offers extruded wire cut facing bricks, clay pavers, paving accessories, and special shaped products under the Blockleys brand; monotone color blends in rustic, drag wire, smooth, and sand faced textures under the Carlton brand; handmade bricks and special products under the Charnwood brand; clamp-fired stock facing bricks in various textural finishes under the Freshfield Lane brand; clay bricks, tiles, and pavers under the Michelmersh brand; and various architectural components under the Hathern Terra Cotta brand.

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