Brickability Group (LON:BRCK) Stock Breaks Above 50 Day Moving Average – Here’s Why

Shares of Brickability Group Plc (LON:BRCK) crossed above its 50-day moving average during trading on Tuesday. The stock has a 50-day moving average of GBX 48.43 and traded as high as GBX 49.50. Brickability Group shares last traded at GBX 48.60, with a volume of 492,966 shares trading hands.

Analyst Ratings Changes

Separately, Canaccord Genuity Group lowered their price target on Brickability Group from GBX 93 to GBX 77 and set a “buy” rating for the company in a research report on Wednesday. One equities research analyst has rated the stock with a Buy rating. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of GBX 77.

Brickability Group Trading Down 3.3%

The stock’s 50 day moving average is GBX 48.07 and its two-hundred day moving average is GBX 49.52. The company has a market capitalization of £129.79 million, a PE ratio of 100.37 and a beta of 0.31. The company has a quick ratio of 1.07, a current ratio of 1.37 and a debt-to-equity ratio of 64.27.

Brickability Group Company Profile

BRCK Group PLC is a leading distributor and provider of specialist products and services to the UK construction industry. The business comprises four divisions: Bricks and Building Materials, Importing, Distribution and Contracting. With an agile, de-centralised, capital-light business model, supported by a strong balance sheet, BRCK leverages the skills of its people company-wide to effectively service the complex and evolving needs of the construction industry.

Founded in 1985, the Group has grown organically through product diversification and geographic expansion, as well as through the acquisition of specialist businesses that support its long-term strategy for growth.