Ibstock (LON:IBST) Shares Pass Below Fifty Day Moving Average – Should You Sell?

Ibstock plc (LON:IBST)’s share price crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 102.95 and traded as low as GBX 101.20. Ibstock shares last traded at GBX 103.90, with a volume of 2,435,306 shares traded.

Analyst Upgrades and Downgrades

IBST has been the subject of a number of recent analyst reports. Berenberg Bank decreased their price target on Ibstock from GBX 135 to GBX 120 and set a “hold” rating for the company in a report on Friday, May 22nd. Deutsche Bank Aktiengesellschaft decreased their price target on Ibstock from GBX 144 to GBX 110 and set a “hold” rating for the company in a report on Tuesday, March 24th. Finally, Jefferies Financial Group cut their price objective on shares of Ibstock from GBX 133 to GBX 127 and set a “buy” rating on the stock in a research report on Monday, April 20th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 131.75.

Ibstock Stock Performance

The company’s 50 day moving average price is GBX 102.95 and its 200-day moving average price is GBX 120.72. The company has a debt-to-equity ratio of 44.59, a quick ratio of 1.19 and a current ratio of 1.33. The company has a market cap of £410.42 million, a PE ratio of 129.88, a price-to-earnings-growth ratio of 0.47 and a beta of 0.86.

Ibstock (LON:IBST) last issued its quarterly earnings results on Thursday, March 5th. The company reported GBX 5.70 earnings per share (EPS) for the quarter. Ibstock had a net margin of 0.83% and a return on equity of 0.79%. Equities research analysts anticipate that Ibstock plc will post 11.0089552 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Joe Hudson sold 64,484 shares of the company’s stock in a transaction on Monday, March 23rd. The shares were sold at an average price of GBX 103, for a total value of £66,418.52. Also, insider Martin Payne bought 20,000 shares of the business’s stock in a transaction that occurred on Friday, April 17th. The stock was bought at an average price of GBX 108 per share, with a total value of £21,600. 2.26% of the stock is owned by insiders.

Ibstock Company Profile

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.