Ibstock (LON:IBST) Stock Breaks Below 50-Day Moving Average – Time to Sell?

Ibstock plc (LON:IBST) passed below its fifty day moving average during trading on Monday. The stock has a fifty day moving average of GBX 83.24 and traded as low as GBX 76. Ibstock shares last traded at GBX 77.35, with a volume of 562,447 shares.

Analyst Upgrades and Downgrades

IBST has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a GBX 100 price target on shares of Ibstock in a report on Thursday, August 6th. Royal Bank Of Canada cut their price objective on Ibstock from GBX 160 to GBX 130 and set an “outperform” rating for the company in a report on Thursday, July 30th. Jefferies Financial Group decreased their price objective on shares of Ibstock from GBX 115 to GBX 90 and set a “hold” rating on the stock in a research report on Monday, August 10th. Peel Hunt restated a “buy” rating and issued a GBX 125 price objective on shares of Ibstock in a research report on Wednesday, August 5th. Finally, Berenberg Bank reaffirmed a “hold” rating and issued a GBX 90 target price on shares of Ibstock in a research note on Monday, October 5th. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of GBX 107.

Ibstock Price Performance

The stock has a market capitalization of £318.38 million, a PE ratio of -14.14, a P/E/G ratio of 0.47 and a beta of 0.84. The company has a debt-to-equity ratio of 54.38, a current ratio of 1.28 and a quick ratio of 1.19. The firm’s 50 day simple moving average is GBX 82.62 and its 200 day simple moving average is GBX 92.82.

Ibstock (LON:IBST) last announced its quarterly earnings data 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 analysts forecast that Ibstock plc will post 11.01 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.