Michelmersh Brick Holdings (MBH)

Sector:

Construction and Building Materials

Index:

FTSE AIM All-Share

112.00p
   
  • Change Today:
    -1.50p
  • 52 Week High: 114.00
  • 52 Week Low: 92.00
  • Currency: UK Pounds
  • Shares Issued: 93.34m
  • Volume: 149,525
  • Market Cap: £104.54m
  • Beta: 0.01

Canaccord hikes target price on Michelmersch, points to strong execution and cash conversion

By Alexander Bueso

Date: Tuesday 07 Sep 2021

LONDON (ShareCast) - (Sharecast News) - Analysts at Canaccord Genuity hiked their target price for shares of Michelmersh Brick Holdings from 146.0p to 162.0p, pointing out to clients the company's good execution amid challenging circumstances and "strong" cash conversion.
The clay brick and tile maker's latest interims and performance over the half were both "impressive" and its low levels of finished stock pointed to underlying full-year earnings before interest, taxes, depreciation and amortisation coming in marginally ahead of 2019's "strong" outcome, they said.

Michelmersch was also seen ending the year with over £5m of cash on hand.

The analysts also bumped up their estimates for the company, despite cautious guidance from Michelmersch as regards the drivers for labour and inflation.

Nevertheless, Mickelmersch had entered the second half with a strong and balanced order book and was continuing to see positive order intake momentum from customers and in their construction-related end markets more generally.

"With business delivery very much back on track, the Group has also reinstated the interim dividend at 1.15p per share. The Group looks well placed to deliver a strong profit outcome for the full year and be well positioned to use its strong balance sheet to deliver attractive shareholder value over the medium term," the broker added.

Canaccord's recommendation on the shares was unchanged at 'buy'.



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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

MBH Market Data

Currency UK Pounds
Share Price 112.00p
Change Today -1.50p
% Change -1.32 %
52 Week High 114.00
52 Week Low 92.00
Volume 149,525
Shares Issued 93.34m
Market Cap £104.54m
Beta 0.01

MBH Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
84.66% above the market average84.66% above the market average84.66% above the market average84.66% above the market average84.66% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Price Trend
61.53% above the market average61.53% above the market average61.53% above the market average61.53% above the market average61.53% above the market average
2.56% below the sector average2.56% below the sector average2.56% below the sector average2.56% below the sector average2.56% below the sector average
Income
52.05% above the market average52.05% above the market average52.05% above the market average52.05% above the market average52.05% above the market average
46.15% above the sector average46.15% above the sector average46.15% above the sector average46.15% above the sector average46.15% above the sector average
Growth
86.2% below the market average86.2% below the market average86.2% below the market average86.2% below the market average86.2% below the market average
62.16% below the sector average62.16% below the sector average62.16% below the sector average62.16% below the sector average62.16% below the sector average

What The Brokers Say

Strong Buy 4
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 4
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

MBH Dividends

  Latest Previous
  Final Interim
Ex-Div 05-Jun-25 28-Nov-24
Paid 09-Jul-25 09-Jan-25
Amount 3.00p 1.60p

Trades for 30-May-2025

Time Volume / Share Price
16:37 5,000 @ 112.00p
16:35 8,288 @ 112.00p
16:35 6,802 @ 112.00p
16:35 1,486 @ 112.00p
16:27 4,286 @ 111.25p

MBH Key Personnel

CEO Peter Sharp
CFO Ryan Mahoney

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