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Michelmersh Brick Holdings ( (GB:MBH) ) just unveiled an announcement.
Michelmersh Brick Holdings PLC has executed a share buyback, purchasing 7,061 ordinary shares at a price of 104.02 pence each on the London Stock Exchange. This transaction is part of a previously announced Share Buyback Programme, and the repurchased shares will be held in treasury. Following this purchase, the total number of shares in issue stands at 93,334,018, excluding treasury shares. This move may impact shareholder calculations regarding their interest in the company, as per Financial Conduct Authority rules.
The most recent analyst rating on (GB:MBH) stock is a Buy with a £170.00 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.
Michelmersh Brick Holdings scores well due to its strong financial health and positive corporate events, including a share buyback and strategic AGM resolutions. However, technical analysis indicates bearish momentum, which tempers the overall score. The valuation is reasonable but not compelling enough to significantly boost the 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 materials industry, known for its seven leading brands including Blockleys, Carlton, Charnwood, and others. The company specializes in the production of clay bricks and pavers, producing over 120 million units annually. Michelmersh is recognized for its commitment to sustainability and environmental responsibility, aiming to enhance the architectural landscape with premium clay products.
Average Trading Volume: 151,772
Technical Sentiment Signal: Buy
Current Market Cap: £97.8M
See more data about MBH stock on TipRanks’ Stock Analysis page.