McBride (LON:MCB) Shares Pass Above Fifty Day Moving Average of $84.07

McBride plc (LON:MCB)’s stock price passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $84.07 and traded as high as $79.56. McBride shares last traded at $77.80, with a volume of 71,039 shares traded.

A number of equities research analysts recently issued reports on MCB shares. Numis Securities started coverage on shares of McBride in a report on Wednesday, March 6th. They issued an “add” rating and a GBX 115 ($1.50) price objective for the company. Jefferies Financial Group reiterated a “buy” rating on shares of McBride in a report on Tuesday, April 9th. Peel Hunt reiterated a “hold” rating and issued a GBX 100 ($1.31) price objective (down from GBX 110 ($1.44)) on shares of McBride in a report on Thursday, May 2nd. Finally, Liberum Capital reiterated an “under review” rating on shares of McBride in a report on Thursday, May 2nd. Four analysts have rated the stock with a hold rating, The company presently has a consensus rating of “Hold” and an average price target of GBX 108 ($1.41).

The company has a quick ratio of 0.64, a current ratio of 1.03 and a debt-to-equity ratio of 160.91. The stock’s fifty day moving average price is GBX 83.51. The stock has a market cap of $146.24 million and a P/E ratio of 13.33.

In other news, insider Christopher Ian Charles Smith purchased 19,692 shares of the firm’s stock in a transaction on Thursday, April 4th. The stock was bought at an average cost of GBX 102 ($1.33) per share, for a total transaction of £20,085.84 ($26,245.71).

About McBride (LON:MCB)

McBride plc, together with its subsidiaries, manufactures and sells private label household and personal care products to retailers in the United Kingdom, other regions in Europe, and Asia. The company offers various household products, such as laundry products, including laundry powder tablets, liquid gels, and laundry liquid sachets; dishwashing products comprising washing up liquids and machine dishwashing powders, tablets, and gels; household cleaners consisting of bathroom, kitchen, glass, ceramic hobs, antibacterial, and multisurface cleaners; toilet cleaners and descaling products; and air freshener products, such as time release sprays, gel air fresheners, plug-in fresheners, sprays, diffusers, and candles.

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