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An update from Michelmersh Brick Holdings ( (GB:MBH) ) is now available.
Michelmersh Brick Holdings has repurchased 30,000 of its own ordinary shares at 86.50 pence each on the London Stock Exchange as part of its ongoing share buyback programme, with the shares to be held in treasury. Following this transaction, the company has 91,600,700 ordinary shares in issue (excluding 4,302,879 treasury shares), a revised capital structure that will be used for shareholder disclosure calculations and may signal continued capital management discipline aimed at optimising its balance sheet and shareholder returns.
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 to produce over 120 million clay bricks and pavers annually, positioning itself as a leading specification brick and clay paving manufacturer with an emphasis on sustainability and long-term, environmentally responsible operations.
Average Trading Volume: 177,439
Technical Sentiment Signal: Sell
Current Market Cap: £78.49M
For a thorough assessment of MBH stock, go to TipRanks’ Stock Analysis page.