McBride (LON:MCB – Get Free Report) announced its quarterly earnings results on Tuesday. The company reported GBX 21.60 earnings per share for the quarter, Digital Look Earnings reports. McBride had a return on equity of 28.68% and a net margin of 3.21%.
McBride Stock Down 2.2%
MCB stock opened at GBX 189.80 on Thursday. The stock has a market capitalization of £322.23 million, a P/E ratio of 11.23, a P/E/G ratio of -0.36 and a beta of 1.51. McBride has a 52 week low of GBX 107.60 and a 52 week high of GBX 214.10. The firm has a 50-day simple moving average of GBX 171.14 and a 200-day simple moving average of GBX 159.75. The company has a quick ratio of 0.54, a current ratio of 1.10 and a debt-to-equity ratio of 169.22.
Analyst Ratings Changes
Separately, Berenberg Bank reiterated a “buy” rating and issued a GBX 275 target price on shares of McBride in a research note on Thursday, September 10th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of GBX 232.50.
More McBride News
Here are the key news stories impacting McBride this week:
- Positive Sentiment: Management emphasized growth in its latest earnings call, suggesting demand and business momentum remain intact despite a challenging cost environment. McBride plc Earnings Call Highlights Growth Amid Cost Squeeze
Insider Buying and Selling at McBride
In related news, insider Mark Strickland sold 110,000 shares of the stock in a transaction on Wednesday, September 16th. The stock was sold at an average price of GBX 190, for a total value of £209,000. 29.49% of the stock is currently owned by company insiders.
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.
Further Reading
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