McBride plc’s (MCB) “Buy” Rating Reaffirmed at Peel Hunt
Several other brokerages also recently issued reports on MCB. Liberum Capital restated a buy rating and issued a GBX 225 ($2.98) price objective on shares of McBride plc in a research note on Thursday, July 6th. Investec reiterated a buy rating and set a GBX 230 ($3.05) price target on shares of McBride plc in a research note on Tuesday, July 11th. Berenberg Bank lifted their price target on shares of McBride plc from GBX 220 ($2.92) to GBX 240 ($3.18) and gave the stock a buy rating in a research note on Friday, September 29th. Finally, Numis Securities Ltd lifted their price target on shares of McBride plc from GBX 235 ($3.12) to GBX 260 ($3.45) and gave the stock a buy rating in a research note on Wednesday. Six analysts have rated the stock with a buy rating, The stock has an average rating of Buy and an average target price of GBX 233.33 ($3.10).
Shares of McBride plc (LON MCB) traded down 0.47% during mid-day trading on Wednesday, hitting GBX 210.75. 299,051 shares of the company’s stock were exchanged. The company’s market capitalization is GBX 384.01 million. McBride plc has a 52 week low of GBX 158.31 and a 52 week high of GBX 217.25. The firm has a 50 day moving average price of GBX 194.14 and a 200-day moving average price of GBX 191.98.
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The firm also recently declared a dividend, which will be paid on Friday, December 1st. Shareholders of record on Thursday, October 26th will be paid a dividend of GBX 2.90 ($0.04) per share. The ex-dividend date is Thursday, October 26th. This represents a yield of 1.47%.
About McBride plc
McBride plc is a 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 include Household, Personal Care & Aerosols (PCA) and Corporate. The Household segment consists of UK; North, including France, Belgium, Holland and Scandinavia; South, including Italy and Spain, and East, including Germany, Poland, Luxembourg and other Eastern Europe.
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