Ibstock (LON:IBST) Sets New 12-Month Low – Here’s Why

Ibstock plc (LON:IBST)’s stock price reached a new 52-week low on Monday . The stock traded as low as GBX 89.80 and last traded at GBX 91.91, with a volume of 165620250 shares changing hands. The stock had previously closed at GBX 90.35.

Wall Street Analysts Forecast Growth

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

Ibstock Price Performance

The company has a current ratio of 1.33, a quick ratio of 1.19 and a debt-to-equity ratio of 44.59. The company has a fifty day moving average price of GBX 100.36 and a two-hundred day moving average price of GBX 116.85. The firm has a market cap of £363.06 million, a P/E ratio of 114.89, a PEG ratio of 0.47 and a beta of 0.86.

Insider Activity at Ibstock

In related news, insider Martin Payne purchased 20,000 shares of the business’s stock in a transaction on Friday, April 17th. The shares were purchased at an average price of GBX 108 per share, with a total value of £21,600. Also, insider Joe Hudson sold 15,632 shares of Ibstock stock in a transaction that occurred on Monday, April 20th. The shares were sold at an average price of GBX 107, for a total transaction of £16,726.24. Company insiders own 2.26% of the company’s stock.

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.