Ibstock (LON:IBST) Reaches New 52-Week Low – Here’s What Happened

Ibstock plc (LON:IBST)’s stock price reached a new 52-week low during trading on Thursday . The stock traded as low as GBX 140 ($1.88) and last traded at GBX 142 ($1.91), with a volume of 1222742 shares traded. The stock had previously closed at GBX 143 ($1.92).

Analyst Ratings Changes

IBST has been the subject of several recent analyst reports. Berenberg Bank reaffirmed a “hold” rating and set a GBX 200 price objective on shares of Ibstock in a research report on Monday, August 11th. Jefferies Financial Group dropped their price target on shares of Ibstock from GBX 190 to GBX 188 and set a “buy” rating on the stock in a research note on Friday, August 8th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on shares of Ibstock from GBX 220 to GBX 210 and set a “buy” rating on the stock in a research report on Thursday, August 7th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of GBX 199.33.

Ibstock Trading Down 2.4%

The company has a current ratio of 1.37, a quick ratio of 1.19 and a debt-to-equity ratio of 46.91. The business’s 50-day moving average is GBX 149.69 and its two-hundred day moving average is GBX 166.61. The firm has a market cap of £546.10 million, a P/E ratio of 75.04, a P/E/G ratio of 0.47 and a beta of 1.34.

Ibstock (LON:IBST) last announced its quarterly earnings data on Wednesday, August 6th. The company reported GBX 3 earnings per share for the quarter. Ibstock had a net margin of 2.01% and a return on equity of 1.83%. As a group, analysts expect that Ibstock plc will post 11.0089552 earnings per share for the current fiscal year.

Insider Activity at Ibstock

In related news, insider Richard Akers purchased 100,000 shares of the company’s stock in a transaction on Thursday, June 19th. The shares were bought at an average cost of GBX 155 per share, for a total transaction of £155,000. Company insiders own 0.35% of the company’s stock.

About Ibstock

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.