McBride (LON:MCB) Share Price Passes Above 200 Day Moving Average – Here’s What Happened

Shares of McBride plc (LON:MCBGet Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 127.50 and traded as high as GBX 154.80. McBride shares last traded at GBX 154, with a volume of 1,967,501 shares traded.

Key Stories Impacting McBride

Here are the key news stories impacting McBride this week:

Wall Street Analyst Weigh In

Separately, Peel Hunt reissued a “buy” rating and issued a GBX 190 price objective on shares of McBride in a report on Thursday, November 20th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of GBX 190.

View Our Latest Stock Report on MCB

McBride Price Performance

The stock has a market cap of £274.09 million, a P/E ratio of 8.51, a price-to-earnings-growth ratio of -0.36 and a beta of 1.17. The business has a 50-day simple moving average of GBX 141.83 and a 200 day simple moving average of GBX 127.65. The company has a current ratio of 0.92, a quick ratio of 0.54 and a debt-to-equity ratio of 222.08.

McBride declared that its Board of Directors has initiated a stock buyback plan on Monday, December 1st that allows the company to repurchase 0 outstanding shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its shares are undervalued.

McBride Company Profile

(Get Free Report)

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.

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