McBride plc (MCB) Downgraded by Peel Hunt

McBride plc (LON:MCB) was downgraded by equities research analysts at Peel Hunt to a “hold” rating in a research report issued to clients and investors on Wednesday. They presently have a GBX 215 ($2.83) price objective on the stock. Peel Hunt’s price target suggests a potential downside of 2.60% from the stock’s current price.

MCB has been the subject of several other reports. Numis Securities Ltd raised their target price on shares of McBride plc from GBX 235 ($3.09) to GBX 260 ($3.42) and gave the stock a “buy” rating in a report on Wednesday, October 4th. Liberum Capital reiterated a “buy” rating and issued a GBX 225 ($2.96) target price on shares of McBride plc in a report on Tuesday, June 27th. Investec reiterated a “buy” rating and issued a GBX 230 ($3.02) target price on shares of McBride plc in a report on Tuesday, July 11th. Finally, Berenberg Bank raised their target price on shares of McBride plc from GBX 220 ($2.89) to GBX 240 ($3.16) and gave the stock a “buy” rating in a report on Friday, September 29th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of GBX 237.50 ($3.12).

McBride plc (LON:MCB) opened at 222.00 on Wednesday. The firm’s market cap is GBX 404.50 million. McBride plc has a 12 month low of GBX 158.31 and a 12 month high of GBX 225.00. The company’s 50-day moving average is GBX 198.31 and its 200 day moving average is GBX 192.74.

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MCB has been the subject of several other reports. Numis Securities Ltd raised their target price on shares of McBride plc from GBX 235 ($3.09) to GBX 260 ($3.42) and gave the stock a “buy” rating in a report on Wednesday, October 4th. Liberum Capital reiterated a “buy” rating and issued a GBX 225 ($2.96) target price on shares of McBride plc in a report on Tuesday, June 27th. Investec reiterated a “buy” rating and issued a GBX 230 ($3.02) target price on shares of McBride plc in a report on Tuesday, July 11th. Finally, Berenberg Bank raised their target price on shares of McBride plc from GBX 220 ($2.89) to GBX 240 ($3.16) and gave the stock a “buy” rating in a report on Friday, September 29th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of GBX 237.50 ($3.12).

McBride plc (LON:MCB) opened at 222.00 on Wednesday. The firm’s market cap is GBX 404.50 million. McBride plc has a 12 month low of GBX 158.31 and a 12 month high of GBX 225.00. The company’s 50-day moving average is GBX 198.31 and its 200 day moving average is GBX 192.74.

TRADEMARK VIOLATION NOTICE: This article was first published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this article on another domain, it was illegally stolen and reposted in violation of international copyright law. The original version of this article can be read at https://ledgergazette.com/2017/10/11/mcbride-plc-mcb-downgraded-by-peel-hunt.html.

About McBride plc

McBride plc is a provider of private label household and personal care products. The Company is engaged in developing, producing and supplying its products to retailers across Europe. Its segments include Household, Personal Care & Aerosols (PCA) and Corporate. The Household segment consists of UK; North, including France, Belgium, Holland and Scandinavia; South, including Italy and Spain, and East, including Germany, Poland, Luxembourg and other Eastern Europe.

Analyst Recommendations for McBride plc (LON:MCB)

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