Ibstock (LON:IBST) Hits New 52-Week Low – What’s Next?

Ibstock plc (LON:IBST)’s stock price reached a new 52-week low during mid-day trading on Monday . The stock traded as low as GBX 86.70 and last traded at GBX 86.70, with a volume of 10677503 shares traded. The stock had previously closed at GBX 89.78.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a GBX 100 price objective on shares of Ibstock in a research note on Thursday, August 6th. Berenberg Bank decreased their target price on shares of Ibstock from GBX 135 to GBX 120 and set a “hold” rating for the company in a research report on Friday, May 22nd. Peel Hunt reiterated a “buy” rating and issued a GBX 125 target price on shares of Ibstock in a research report on Wednesday, August 5th. Royal Bank Of Canada lowered their target price on shares of Ibstock from GBX 160 to GBX 130 and set an “outperform” rating on the stock in a research note on Thursday, July 30th. Finally, Jefferies Financial Group dropped their price target on shares of Ibstock from GBX 115 to GBX 90 and set a “hold” rating on the stock in a research report on Monday, August 10th. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Ibstock currently has an average rating of “Hold” and an average price target of GBX 113.

Ibstock Trading Down 0.8%

The firm has a market capitalization of £331.81 million, a price-to-earnings ratio of 105.00, a price-to-earnings-growth ratio of 0.47 and a beta of 0.85. The company has a quick ratio of 1.19, a current ratio of 1.28 and a debt-to-equity ratio of 54.38. The firm’s 50 day moving average is GBX 93.17 and its 200 day moving average is GBX 104.29.

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

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.