McBride (LON:MCB) Stock Price Up 14.8% – What’s Next?

Shares of McBride plc (LON:MCB) traded up 14.8% during mid-day trading on Thursday . The company traded as high as GBX 134.20 and last traded at GBX 127. 1,641,562 shares were traded during trading, an increase of 304% from the average session volume of 405,918 shares. The stock had previously closed at GBX 110.60.

Analysts Set New Price Targets

Separately, Peel Hunt reaffirmed a “buy” rating and issued a GBX 190 target price on shares of McBride in a report on Thursday. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, McBride has an average rating of “Buy” and a consensus target price of GBX 190.

McBride Stock Performance

The company has a debt-to-equity ratio of 222.08, a quick ratio of 0.54 and a current ratio of 0.92. The firm’s 50 day simple moving average is GBX 118.99 and its 200 day simple moving average is GBX 131.16. The firm has a market capitalization of £222.52 million, a price-to-earnings ratio of 6.83, a PEG ratio of -0.36 and a beta of 1.17.

McBride (LON:MCB) last announced its quarterly earnings data on Wednesday, September 17th. The company reported GBX 22.10 earnings per share for the quarter. McBride had a return on equity of 62.24% and a net margin of 3.56%. Sell-side analysts forecast that McBride plc will post 19.2307692 earnings per share for the current fiscal year.

About McBride

With trading roots dating back to 1927, McBride boasts a strong heritage. As the leading European manufacturer and supplier of private label and contract manufactured products for the domestic household and professional cleaning and hygiene markets, McBride offers end‑to‑end development and manufacturing capabilities to a wide range of customers in Europe and Asia Pacific.