Ibstock (LON:IBST) Hits New 1-Year Low – Here’s What Happened

Ibstock plc (LON:IBST)’s stock price hit a new 52-week low during trading on Wednesday . The company traded as low as GBX 87.65 and last traded at GBX 88.25, with a volume of 98295367 shares trading hands. The stock had previously closed at GBX 93.05.

Wall Street Analyst Weigh In

Several analysts have commented on the company. Deutsche Bank Aktiengesellschaft reduced their price objective on Ibstock from GBX 144 to GBX 110 and set a “hold” rating for the company in a research note on Tuesday, March 24th. 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. Finally, Jefferies Financial Group lowered 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 equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of GBX 131.75.

Ibstock Price Performance

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 stock’s fifty day moving average price is GBX 96.89 and its 200-day moving average price is GBX 113.52. The firm has a market cap of £348.60 million, a PE ratio of 110.31, a P/E/G ratio of 0.47 and a beta of 0.86.

Insider Buying and Selling

In other news, insider Martin Payne acquired 20,000 shares of the company’s stock in a transaction that occurred on Friday, April 17th. The stock was purchased at an average cost of GBX 108 per share, with a total value of £21,600. Also, insider Joe Hudson sold 15,632 shares of the firm’s stock in a transaction on Monday, April 20th. The shares were sold at an average price of GBX 107, for a total value of £16,726.24. 2.26% of the stock is currently owned by company insiders.

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.