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

Shares of Ibstock plc (LON:IBST) reached a new 52-week low on Wednesday . The stock traded as low as GBX 78.35 and last traded at GBX 78.45, with a volume of 1565140 shares trading hands. The stock had previously closed at GBX 80.35.

Analyst Upgrades and Downgrades

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

Ibstock Price Performance

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 company has a 50-day moving average of GBX 90.84 and a 200-day moving average of GBX 99.42. The stock has a market capitalization of £309.89 million, a price-to-earnings ratio of -13.76, a P/E/G ratio of 0.47 and a beta of 0.85.

Ibstock (LON:IBST) last released its 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%. As a group, equities research analysts expect that Ibstock plc will post 11.0089552 earnings per share 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.