Ibstock (LON:IBST) Stock Crosses Below 50 Day Moving Average – What’s Next?

Ibstock plc (LON:IBST) shares crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 95.45 and traded as low as GBX 93. Ibstock shares last traded at GBX 96.85, with a volume of 652,212 shares.

Analysts Set New Price Targets

Several research analysts have recently commented on IBST shares. Jefferies Financial Group decreased their price target 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. Berenberg Bank cut their target price on Ibstock from GBX 135 to GBX 120 and set a “hold” rating on the stock in a research note on Friday, May 22nd. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on shares of Ibstock from GBX 144 to GBX 110 and set a “hold” rating on the stock in a research 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 stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of GBX 131.75.

Ibstock Stock Down 1.0%

The firm has a market cap of £377.44 million, a PE ratio of 119.44, 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 business has a fifty day moving average price of GBX 95.33 and a two-hundred day moving average price of GBX 111.25.

Insider Buying and Selling

In other Ibstock news, insider Joe Hudson sold 15,632 shares of the firm’s stock in a transaction dated Monday, April 20th. The stock was sold at an average price of GBX 107, for a total transaction of £16,726.24. 2.26% of the stock is owned by insiders.

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.