Ibstock (LON:IBST) Hits New 12-Month Low – What’s Next?

Ibstock plc (LON:IBST)’s share price hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as GBX 82.40 and last traded at GBX 84.35, with a volume of 846999 shares traded. The stock had previously closed at GBX 83.50.

Wall Street Analysts Forecast Growth

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

Ibstock Trading Up 0.6%

The company has a debt-to-equity ratio of 54.38, a quick ratio of 1.19 and a current ratio of 1.28. The firm has a market cap of £335.17 million, a P/E ratio of 106.06, a P/E/G ratio of 0.47 and a beta of 0.85. The firm has a 50 day simple moving average of GBX 91.22 and a 200 day simple moving average of GBX 100.42.

Ibstock (LON:IBST) last announced 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%. On average, equities research analysts predict that Ibstock plc will post 11.0089552 EPS for the current fiscal 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.