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The latest update is out from Michelmersh Brick Holdings ( (GB:MBH) ).
Michelmersh Brick Holdings PLC announced the purchase of 12,000 ordinary shares at 85.50 pence each as part of its Share Buyback Programme. This transaction reduces the number of shares in circulation, potentially impacting shareholder calculations under the Financial Conduct Authority’s rules. The company will hold these shares in treasury, and further announcements regarding the buyback program are anticipated.
The most recent analyst rating on (GB:MBH) stock is a Hold with a £89.00 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 Neutral.
The overall stock score is primarily influenced by strong financial performance, with a robust balance sheet and effective cash flow management. However, technical analysis indicates bearish momentum, which significantly impacts the score. The valuation is reasonable with an attractive dividend yield, but recent financial declines and technical weaknesses weigh on the overall assessment.
To see Spark’s full report on GB:MBH stock, click here.
More about Michelmersh Brick Holdings
Michelmersh Brick Holdings PLC operates with seven market-leading brands, including Blockleys, Carlton, and Charnwood, focusing on the manufacture of clay bricks and pavers. The company, established in 1997, has grown through acquisitions and organic growth, producing over 120 million clay bricks and pavers annually. Michelmersh is a leading specification brick and clay paving manufacturer in the UK, emphasizing sustainability and environmental responsibility.
Average Trading Volume: 285,063
Technical Sentiment Signal: Sell
Current Market Cap: £72.76M
Find detailed analytics on MBH stock on TipRanks’ Stock Analysis page.