McBride (LON:MCB) Reaches New 1-Year High – Here’s What Happened
by Sarita Garza · The Markets DailyMcBride plc (LON:MCB – Get Free Report)’s stock price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as GBX 161 and last traded at GBX 157.60, with a volume of 4574493 shares traded. The stock had previously closed at GBX 156.40.
Analyst Ratings Changes
Separately, Peel Hunt reiterated a “buy” rating and set a GBX 190 price target on shares of McBride in a report on Thursday, November 20th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of GBX 190.
Read Our Latest Stock Report on MCB
McBride Stock Performance
The firm has a market capitalization of £278.45 million, a price-to-earnings ratio of 8.62, a price-to-earnings-growth ratio of -0.36 and a beta of 1.17. The firm’s 50-day moving average price is GBX 138.92 and its two-hundred day moving average price is GBX 127.03. The company has a debt-to-equity ratio of 222.08, a quick ratio of 0.54 and a current ratio of 0.92.
McBride declared that its board has initiated a share repurchase plan on Monday, December 1st that allows the company to buyback 0 outstanding shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its stock is undervalued.
About McBride
With trading roots dating back to 1927, McBride boasts a strong heritage. As the leading European manufacturer and supplier of private label and contract manufactured products for the domestic household and professional cleaning and hygiene markets, McBride offers end‑to‑end development and manufacturing capabilities to a wide range of customers in Europe and Asia Pacific.