Ibstock (LON:IBST) Hits New 12-Month Low – Should You Sell?

Shares of Ibstock plc (LON:IBST) reached a new 52-week low on Wednesday . The company traded as low as GBX 101 and last traded at GBX 103.80, with a volume of 858946 shares traded. The stock had previously closed at GBX 103.40.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Berenberg Bank lowered their target price on Ibstock from GBX 150 to GBX 135 and set a “hold” rating for the company in a research note on Wednesday, January 21st. Jefferies Financial Group reduced their price target on Ibstock from GBX 165 to GBX 145 and set a “buy” rating on the stock in a research note on Monday, February 9th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, Ibstock presently has an average rating of “Moderate Buy” and a consensus price target of GBX 160.

Ibstock Stock Up 0.4%

The company has a quick ratio of 1.19, a current ratio of 1.33 and a debt-to-equity ratio of 44.59. The company’s fifty day moving average price is GBX 127.50 and its 200-day moving average price is GBX 131.89. The stock has a market capitalization of £409.70 million, a PE ratio of 34.60, a price-to-earnings-growth ratio of 0.47 and a beta of 0.74.

Ibstock (LON:IBST) last posted its quarterly earnings results on Thursday, March 5th. The company reported GBX 5.70 earnings per share for the quarter. Ibstock had a return on equity of 0.79% and a net margin of 0.83%. Analysts forecast that Ibstock plc will post 11.0089552 earnings per share 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.