Ibstock (LON:IBST) Hits New 1-Year Low – Here’s Why

Ibstock plc (LON:IBST)’s stock price hit a new 52-week low during trading on Wednesday . The company traded as low as GBX 101 and last traded at GBX 103.80, with a volume of 858946 shares traded. The stock had previously closed at GBX 103.40.

Analyst Upgrades and Downgrades

IBST has been the subject of several analyst reports. Berenberg Bank cut their price target on shares of Ibstock from GBX 150 to GBX 135 and set a “hold” rating for the company in a research report on Wednesday, January 21st. Jefferies Financial Group decreased their price objective on Ibstock from GBX 165 to GBX 145 and set a “buy” rating on the stock in a report on Monday, February 9th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, Ibstock presently has a consensus rating of “Moderate Buy” and an average target price of GBX 160.

Ibstock Trading Up 0.4%

The firm has a market cap of £409.70 million, a P/E ratio of 34.60, a PEG ratio of 0.47 and a beta of 0.74. The firm’s fifty day moving average is GBX 127.50 and its two-hundred day moving average is GBX 131.89. The company has a quick ratio of 1.19, a current ratio of 1.33 and a debt-to-equity ratio of 44.59.

Ibstock (LON:IBST) last issued 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%. Analysts predict 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.