Ibstock (LON:IBST) Shares Cross Above 50 Day Moving Average of $170.02

Ibstock plc (LON:IBST) crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 170.02 ($2.19) and traded as high as GBX 189 ($2.43). Ibstock shares last traded at GBX 184.80 ($2.38), with a volume of 1,297,389 shares changing hands.

Analyst Ratings Changes

A number of brokerages have issued reports on IBST. Royal Bank of Canada reissued an “outperform” rating and set a GBX 200 ($2.57) price objective on shares of Ibstock in a report on Thursday, July 4th. Berenberg Bank reaffirmed a “hold” rating and issued a GBX 150 ($1.93) price target on shares of Ibstock in a report on Thursday, April 25th. Finally, Jefferies Financial Group lifted their price target on Ibstock from GBX 143 ($1.84) to GBX 150 ($1.93) and gave the company a “hold” rating in a report on Thursday, June 27th.

Ibstock Price Performance

The stock has a fifty day moving average of GBX 170.54 and a 200-day moving average of GBX 159.02. The company has a quick ratio of 1.19, a current ratio of 1.50 and a debt-to-equity ratio of 42.09. The firm has a market capitalization of £699.93 million, a P/E ratio of 3,568.00, a PEG ratio of 0.66 and a beta of 1.32.

Insider Activity at Ibstock

In other Ibstock news, insider Chris McLeish sold 29,893 shares of the business’s stock in a transaction dated Monday, June 10th. The stock was sold at an average price of GBX 156 ($2.01), for a total transaction of £46,633.08 ($59,985.95). 0.31% of the stock is currently owned by company insiders.

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.