Michelmersh Brick Holdings Plc 17.9% potential upside indicated by Canaccord Genuity

Michelmersh Brick Holdings Plc with ticker (LON:MBH) now has a potential upside of 17.9% according to Canaccord Genuity.



Canaccord Genuity set a target price of 162 GBX for the company, which when compared to the Michelmersh Brick Holdings Plc share price of 133 GBX at opening today (25/11/2021) indicates a potential upside of 17.9%. Trading has ranged between 103 (52 week low) and 167 (52 week high) with an average of 55,392 shares exchanging hands daily. The market capitalisation at the time of writing is £125,778,919.

Michelmersh Brick Holdings Plc is a United Kingdom-based company, which is engaged in the manufacture of clay bricks, tiles and pavers. The principal activity of the Company is the management and administration of its subsidiary companies. The Company’s segments are Building materials and Landfill. The Company’s Building materials segment is engaged in the manufacture of bricks, tiles and building products being principally facing bricks and clay paviors at Blockleys, which is based in Telford, Shropshire; Charnwood, which is based in Shepshed, Leicestershire; Freshfield Lane, which is based in Danehill, West Sussex, and Michelmersh, which is based in Romsey, Hampshire. The Company’s Landfill segment is engaged in landfill operations, through New Acres Limited, which is based in Telford, Shropshire. The Company’s brands include Blockleys, Charnwood, Freshfield Lane, Michelmersh and Hathern Terra Cotta. Its Blockleys brand manufactures a range of standard special shaped bricks.