McBride plc (MCB) Price Target Raised to GBX 210 at Investec

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McBride plc (LON:MCB) had its target price boosted by investment analysts at Investec from GBX 204 ($2.72) to GBX 210 ($2.80) in a research note issued on Wednesday. The firm currently has a “buy” rating on the stock. Investec’s target price indicates a potential upside of 21.39% from the stock’s current price.
Several other analysts also recently weighed in on MCB. Liberum Capital restated a “buy” rating and set a GBX 215 ($2.86) target price on shares of McBride plc in a research note on Wednesday, August 31st. Peel Hunt reiterated an “add” rating and issued a GBX 170 ($2.26) price target on shares of McBride plc in a research note on Monday, July 11th. Panmure Gordon reiterated a “buy” rating and issued a GBX 200 ($2.66) price target on shares of McBride plc in a research note on Monday, July 11th. Finally, Numis Securities Ltd reiterated a “buy” rating and issued a GBX 191 ($2.54) price target on shares of McBride plc in a research note on Monday, July 11th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of GBX 200.20 ($2.67).

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McBride plc (LON:MCB) traded up 3.90% during trading on Wednesday, reaching GBX 173.00. The company’s stock had a trading volume of 686,798 shares. The stock’s market capitalization is GBX 315.20 million. The firm has a 50 day moving average of GBX 160.68 and a 200 day moving average of GBX 159.35. McBride plc has a 52 week low of GBX 119.94 and a 52 week high of GBX 181.50.
McBride plc is a United Kingdom-based 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 are United Kingdom, including the United Kingdom and Ireland; Western Europe, including France, Iberia, Benelux, Italy and Germany, and Rest of the World, including Poland, Czech Republic and Asia Pacific.

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