Michelmersh Brick Holdings Plc 26.3% potential upside indicated by Berenberg Bank

Michelmersh Brick Holdings Plc with ticker (LON:MBH) now has a potential upside of 26.3% according to Berenberg Bank.



Berenberg Bank set a target price of 160 GBX for the company, which when compared to the Michelmersh Brick Holdings Plc share price of 118 GBX at opening today (12/05/2022) indicates a potential upside of 26.3%. Trading has ranged between 107 (52 week low) and 152 (52 week high) with an average of 109,203 shares exchanging hands daily. The market capitalisation at the time of writing is £111,645,196.

Michelmersh Brick Holdings Plc is a United Kingdom-based specialist brick manufacturer. The principal activity of the Company is the management and administration of its subsidiary companies. The Company’s segments include Building materials and Landfill. The Company’s Building materials segment is engaged in the manufacture of bricks, tiles and building products principally facing bricks and clay paviors. The Company owns seven brands, which include Blockleys, Carlton, Charnwood, Freshfield Lane, Michelmersh, Floren and Hathern Terra Cotta. The Company’s Landfill segment is engaged in landfill operations, through New Acres Limited, which seeks to develop landfill and development opportunities on ancillary land assets.