Michelmersh Brick Holdings plc Announces Dividend of GBX 1.60 (LON:MBH)

Michelmersh Brick Holdings plc (LON:MBH) declared a dividend on Tuesday, September 3rd,Upcoming Dividends.Co.Uk reports. Investors of record on Thursday, November 28th will be given a dividend of GBX 1.60 ($0.02) per share on Thursday, January 9th. This represents a dividend yield of 1.54%. The ex-dividend date is Thursday, November 28th. The official announcement can be viewed at this link.

Michelmersh Brick Trading Up 0.5 %

Shares of MBH stock opened at GBX 106 ($1.33) on Wednesday. Michelmersh Brick has a 52-week low of GBX 81.20 ($1.02) and a 52-week high of GBX 111.65 ($1.40). The company has a 50-day simple moving average of GBX 100.51 and a two-hundred day simple moving average of GBX 99.85. The company has a debt-to-equity ratio of 2.05, a quick ratio of 1.56 and a current ratio of 2.13. The company has a market capitalization of £99.30 million, a price-to-earnings ratio of 1,318.75 and a beta of 1.01.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on MBH. Berenberg Bank decreased their price target on Michelmersh Brick from GBX 180 ($2.26) to GBX 170 ($2.14) and set a “buy” rating for the company in a research report on Tuesday, September 3rd. Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 170 ($2.14) target price on shares of Michelmersh Brick in a research report on Friday, November 22nd.

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.