Ibstock (LON:IBST) Sets New 52-Week Low – Here’s Why

Ibstock plc (LON:IBST) reached a new 52-week low during mid-day trading on Monday . The company traded as low as GBX 92.20 and last traded at GBX 93.50, with a volume of 758798 shares traded. The stock had previously closed at GBX 95.20.

Analysts Set New Price Targets

A number of analysts recently issued reports on IBST shares. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Ibstock from GBX 144 to GBX 110 and set a “hold” rating for the company in a report on Tuesday, March 24th. Jefferies Financial Group dropped their price objective on shares of Ibstock from GBX 133 to GBX 127 and set a “buy” rating on the stock in a report on Monday, April 20th. Finally, Berenberg Bank dropped their price objective on shares of Ibstock from GBX 135 to GBX 120 and set a “hold” rating on the stock in a report on Friday, May 22nd. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of GBX 131.75.

Ibstock Stock Performance

The firm has a market capitalization of £369.33 million, a PE ratio of 116.87, a P/E/G ratio of 0.47 and a beta of 0.86. The company has a debt-to-equity ratio of 44.59, a current ratio of 1.33 and a quick ratio of 1.19. The company’s fifty day simple moving average is GBX 102.36 and its 200 day simple moving average is GBX 119.42.

Ibstock (LON:IBST) last released its quarterly earnings data on Thursday, March 5th. The company reported GBX 5.70 EPS for the quarter. Ibstock had a net margin of 0.83% and a return on equity of 0.79%. As a group, equities research analysts expect that Ibstock plc will post 11.0089552 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Martin Payne acquired 20,000 shares of the business’s stock in a transaction dated Friday, April 17th. The stock was bought at an average cost of GBX 108 per share, for a total transaction of £21,600. Also, insider Joe Hudson sold 64,484 shares of the firm’s stock in a transaction that occurred on Monday, March 23rd. The shares were sold at an average price of GBX 103, for a total transaction of £66,418.52. 2.26% of the stock is currently owned by company 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.