Ibstock (LON:IBST) Stock Passes Below Fifty Day Moving Average – Here’s Why

Ibstock plc (LON:IBSTGet Free Report)’s share price passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 167.64 ($2.14) and traded as low as GBX 153 ($1.96). Ibstock shares last traded at GBX 162.60 ($2.08), with a volume of 846,068 shares.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft lifted their price target on Ibstock from GBX 225 ($2.88) to GBX 240 ($3.07) and gave the company a “buy” rating in a research report on Thursday, February 20th.

View Our Latest Stock Analysis on IBST

Ibstock Stock Performance

The company has a debt-to-equity ratio of 46.91, a quick ratio of 1.19 and a current ratio of 1.37. The firm’s 50 day moving average price is GBX 167.64 and its 200-day moving average price is GBX 177.75. The firm has a market capitalization of £640.66 million, a PE ratio of 88.03, a price-to-earnings-growth ratio of 0.47 and a beta of 1.34.

Ibstock (LON:IBSTGet Free Report) last issued its quarterly earnings results on Thursday, March 6th. The company reported GBX 7.70 ($0.10) earnings per share (EPS) for the quarter. Ibstock had a return on equity of 1.83% and a net margin of 2.01%. On average, research analysts expect that Ibstock plc will post 11.0089552 EPS for the current year.

Ibstock Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, May 30th. Shareholders of record on Thursday, May 8th will be given a dividend of GBX 2.50 ($0.03) per share. The ex-dividend date is Thursday, May 8th. This is a boost from Ibstock’s previous dividend of $1.50. This represents a yield of 1.45%. Ibstock’s dividend payout ratio is currently 270.70%.

About Ibstock

(Get Free Report)

Ibstock plc manufactures and sells clay and concrete building products and solutions to customers in the residential construction sector in the United Kingdom. The company offers bricks and masonry, which includes facing and engineering bricks, brick slips, special shaped bricks, walling stone, architectural masonry, prefabricated components, eco-habitats, and padstones and lintels, as well as façade systems; roofing products comprising roof tiles and accessories, and chimneys; and flooring and lintels, such as beam and block flooring, insulated flooring, hollowcore, and screed rails.

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