Ibstock (LON:IBST) Stock Price Crosses Above 50 Day Moving Average – Time to Sell?

Ibstock plc (LON:IBST) shares passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 166.36 ($2.15) and traded as high as GBX 172.20 ($2.23). Ibstock shares last traded at GBX 167 ($2.16), with a volume of 751,404 shares trading hands.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft raised their price objective on shares of Ibstock from GBX 225 ($2.91) to GBX 240 ($3.10) and gave the company a “buy” rating in a research report on Thursday, February 20th.

Ibstock Stock Up 1.0 %

The firm’s 50-day simple moving average is GBX 166.23 and its two-hundred day simple moving average is GBX 179.36. The company has a debt-to-equity ratio of 46.91, a quick ratio of 1.19 and a current ratio of 1.37. The stock has a market cap of £664.30 million, a price-to-earnings ratio of 91.28, a PEG ratio of 0.47 and a beta of 1.34.

Ibstock (LON:IBST) last issued its quarterly earnings results on Thursday, March 6th. The company reported GBX 7.70 ($0.10) EPS for the quarter. Ibstock had a net margin of 2.01% and a return on equity of 1.83%. On average, sell-side analysts expect that Ibstock plc will post 11.0089552 EPS for the current fiscal year.

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.