Ibstock (LON:IBST) Reaches New 1-Year Low – What’s Next?

Ibstock plc (LON:IBST)’s stock price hit a new 52-week low during mid-day trading on Thursday . The company traded as low as GBX 73.15 and last traded at GBX 73.70, with a volume of 17510338 shares trading hands. The stock had previously closed at GBX 74.75.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a GBX 100 target price on shares of Ibstock in a research report on Thursday, August 6th. Jefferies Financial Group decreased their price objective on shares of Ibstock from GBX 115 to GBX 90 and set a “hold” rating for the company in a report on Monday, August 10th. Peel Hunt reiterated a “buy” rating and issued a GBX 125 target price on shares of Ibstock in a research note on Wednesday, August 5th. Finally, Royal Bank Of Canada reduced their target price on shares of Ibstock from GBX 160 to GBX 130 and set an “outperform” rating for the company in a research report on Thursday, July 30th. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of GBX 113.

Ibstock Trading Down 1.4%

The firm has a fifty day moving average of GBX 87.25 and a two-hundred day moving average of GBX 95.41. The company has a market cap of £291.13 million, a PE ratio of -12.93, a price-to-earnings-growth ratio of 0.47 and a beta of 0.84. The company has a current ratio of 1.28, a quick ratio of 1.19 and a debt-to-equity ratio of 54.38.

Ibstock (LON:IBST) last posted its earnings results on Wednesday, August 5th. The company reported GBX 0.70 earnings per share for the quarter. Ibstock had a negative net margin of 6.67% and a negative return on equity of 6.19%. As a group, sell-side analysts predict that Ibstock plc will post 11.0089552 EPS for the current year.

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.