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

Ibstock plc (LON:IBST)’s share price hit a new 52-week low during mid-day 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. The stock had previously closed at GBX 93.05.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on IBST shares. Berenberg Bank lowered 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 decreased their price target on Ibstock from GBX 144 to GBX 110 and set a “hold” rating for the company in a report on Tuesday, March 24th. Finally, Jefferies Financial Group lowered their price objective on Ibstock from GBX 133 to GBX 127 and set a “buy” rating for the company in a research report on Monday, April 20th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of GBX 131.75.

Ibstock Trading Down 5.2%

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 stock has a market capitalization of £348.60 million, a PE ratio of 110.31, a PEG ratio of 0.47 and a beta of 0.86. The business’s 50-day moving average is GBX 96.89 and its two-hundred day moving average is GBX 113.52.

Insider Transactions at Ibstock

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