McBride (LON:MCB) Stock Price Crosses Above Two Hundred Day Moving Average - Here's Why

McBride plc (LON:MCB - Get Free Report)'s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 127.71 and traded as high as GBX 143. McBride shares last traded at GBX 140, with a volume of 158,166 shares traded.Analysts Set New Price TargetsSeparately, Peel Hunt restated a "buy" rating and set a GBX 190 target price on shares of McBride in a report on Thursday, November 20th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, McBride has an average rating of "Buy" and a consensus price target of GBX 190.Read Our Latest Report on MCBMcBride Price PerformanceThe firm has a market capitalization of £245.14 million, a price-to-earnings ratio of 7.53, a PEG ratio of -0.36 and a beta of 1.17. The company has a debt-to-equity ratio of 222.08, a current ratio of 0.92 and a quick ratio of 0.54. The stock's 50 day moving average price is GBX 123.70 and its two-hundred day moving average price is GBX 127.71. McBride declared that its board has authorized a stock repurchase plan on Monday, December 1st that permits the company to repurchase 0 shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company's management believes its shares are undervalued. McBride Company Profile (Get Free Report)With trading roots dating back to 1927, McBride boasts a strong heritage. As the leading European manufacturer and supplier of private label and contract manufactured products for the domestic household and professional cleaning and hygiene markets, McBride offers end‑to‑end development and manufacturing capabilities to a wide range of customers in Europe and Asia Pacific. Further ReadingFive stocks we like better than McBrideDo not delete, read immediatelyINVESTOR ALERT: Tiny “$3 AI Wonder Stock” on the Verge of Blasting OffCan Any Expenses Be Deducted From Capital Gains Tax?Buffett, Gates and Bezos Quietly Dumping Stocks—Here's WhyForget AI, This Will Be the Next Big Tech BreakthroughThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in McBride Right Now?Before you consider McBride, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and McBride wasn't on the list.While McBride currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here