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An update from Michelmersh Brick Holdings ( (GB:MBH) ) is now available.
Michelmersh Brick Holdings PLC announced a share buyback transaction, purchasing 12,000 ordinary shares at a price of 86 pence each on the London Stock Exchange. This transaction is part of the company’s previously announced Share Buyback Programme. The repurchased shares will be held in treasury, and the total number of shares in issue, excluding treasury shares, is now 91,731,700. This move may impact shareholder calculations under the Financial Conduct Authority’s rules, and further announcements are expected as the buyback programme continues.
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 PLC is a prominent manufacturer in the construction industry, known for its seven leading brands including Blockleys, Carlton, and Charnwood. The company specializes in the production of clay bricks and pavers, and also operates a landfill business. Established in 1997, Michelmersh has grown through acquisitions and organic growth, producing over 120 million clay bricks and pavers annually. It is recognized for its sustainable practices and commitment to enhancing the architectural landscape.
Average Trading Volume: 201,644
Technical Sentiment Signal: Sell
Current Market Cap: £78.14M
See more data about MBH stock on TipRanks’ Stock Analysis page.