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The latest announcement is out from Michelmersh Brick Holdings ( (GB:MBH) ).
Michelmersh Brick Holdings has repurchased 20,000 of its own ordinary shares on the London Stock Exchange at 85.50 pence per share under its previously announced share buyback programme, with the shares to be held in treasury. Following this transaction, the company has 91,562,700 ordinary shares in issue (excluding treasury shares) and holds 4,340,879 shares in treasury, a change that may affect shareholder notification thresholds and signals ongoing capital management and confidence in its equity.
The most recent analyst rating on (GB:MBH) stock is a Buy with a £95.00 price target. To see the full list of analyst forecasts on Michelmersh Brick Holdings stock, see the GB:MBH Stock Forecast page.
Spark’s Take on GB:MBH Stock
According to Spark, TipRanks’ AI Analyst, GB:MBH is a Outperform.
Michelmersh Brick Holdings demonstrates strong financial stability and effective corporate strategies, including share buybacks and leadership enhancements, which are significant positives. However, technical indicators suggest caution due to bearish momentum, and recent declines in revenue and free cash flow highlight areas for improvement. The stock’s fair valuation and attractive dividend yield provide additional support to its overall score.
To see Spark’s full report on GB:MBH stock, click here.
More about Michelmersh Brick Holdings
Michelmersh Brick Holdings is a UK-based manufacturer of clay bricks and pavers, operating seven premium brands including Blockleys, Carlton, Charnwood, Freshfield Lane, Michelmersh, Floren and Hathern Terra Cotta. Established in 1997, the Group has expanded through acquisitions and organic growth to produce over 120 million clay bricks and pavers annually, positioning itself as a leading specification brick and clay paving producer with a focus on sustainable, long-term, and environmentally responsible operations, and also operates landfill and land development activities via New Acres Limited.
Average Trading Volume: 175,855
Technical Sentiment Signal: Sell
Current Market Cap: £78.46M
For a thorough assessment of MBH stock, go to TipRanks’ Stock Analysis page.