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Michelmersh Brick Holdings ( (GB:MBH) ) has provided an update.
Michelmersh Brick Holdings PLC has executed a share buyback, 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 ongoing Share Buyback Programme, which impacts the total number of shares in circulation and can influence shareholder calculations regarding their interests. The repurchased shares will be held in treasury, and the company plans to make further announcements as the buyback program progresses.
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 leading UK manufacturer of clay bricks and pavers, operating through seven market-leading brands including Blockleys, Carlton, and Charnwood. Established in 1997, the company has grown through acquisitions and organic growth, producing over 120 million clay bricks and pavers annually. Michelmersh is committed to sustainability and environmental responsibility, aiming to enhance the architectural landscape with premium clay products.
Average Trading Volume: 198,146
Technical Sentiment Signal: Sell
Current Market Cap: £78.13M
For an in-depth examination of MBH stock, go to TipRanks’ Overview page.