McBride plc’s (MCB) Buy Rating Reiterated at Liberum Capital
McBride plc (LON:MCB)‘s stock had its “buy” rating reiterated by research analysts at Liberum Capital in a report released on Friday. They currently have a GBX 215 ($2.81) price objective on the stock. Liberum Capital’s target price would suggest a potential upside of 15.75% from the company’s current price.
Several other research firms have also recently weighed in on MCB. Peel Hunt lifted their price target on shares of McBride plc from GBX 170 ($2.22) to GBX 185 ($2.41) and gave the company an “add” rating in a report on Wednesday, September 7th. Panmure Gordon reiterated a “buy” rating and issued a GBX 200 ($2.61) price target on shares of McBride plc in a report on Monday, July 11th. Numis Securities Ltd reiterated a “buy” rating and issued a GBX 191 ($2.49) price target on shares of McBride plc in a report on Monday, July 11th. Finally, Investec lifted their price target on shares of McBride plc from GBX 204 ($2.66) to GBX 210 ($2.74) and gave the company a “buy” rating in a report on Wednesday, September 7th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. McBride plc presently has a consensus rating of “Buy” and a consensus price target of GBX 203 ($2.65).
McBride plc (LON:MCB) opened at 186.9248 on Friday. The company’s market cap is GBX 340.59 million. McBride plc has a 52-week low of GBX 127.00 and a 52-week high of GBX 189.00. The company’s 50-day moving average is GBX 170.69 and its 200 day moving average is GBX 160.88.
In related news, insider Smith,Christopher Ian Charles purchased 5,802 shares of the stock in a transaction dated Wednesday, September 7th. The stock was purchased at an average price of GBX 172 ($2.25) per share, with a total value of £9,979.44 ($13,026.29). Also, insider Vos ,Rik De purchased 10,000 shares of the stock in a transaction dated Thursday, September 8th. The stock was bought at an average cost of GBX 175 ($2.28) per share, with a total value of £17,500 ($22,842.97).
About McBride plc
McBride plc is a United Kingdom-based provider of private label household and personal care products. The Company is engaged in developing, producing and supplying its products to retailers across Europe. Its segments are United Kingdom, including the United Kingdom and Ireland; Western Europe, including France, Iberia, Benelux, Italy and Germany, and Rest of the World, including Poland, Czech Republic and Asia Pacific.
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