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Michelmersh Brick Holdings ( (GB:MBH) ) just unveiled an update.
Michelmersh Brick Holdings has repurchased 18,000 of its own ordinary shares at 86.5 pence each on the London Stock Exchange under its ongoing share buyback programme, with the shares to be held in treasury. Following this transaction, the company has 91,582,700 ordinary shares in issue (excluding 4,320,879 treasury shares), a change that may affect shareholder disclosure thresholds and signals continued capital management activity that could influence earnings per share and shareholder value.
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 into a profitable, asset-rich business producing over 120 million clay bricks and pavers annually, and also operates a landfill business while positioning itself as a leading specification brick and clay paving manufacturer focused on long-term, sustainable and environmentally responsible operations.
Average Trading Volume: 177,439
Technical Sentiment Signal: Sell
Current Market Cap: £78.49M
See more data about MBH stock on TipRanks’ Stock Analysis page.