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

Ibstock plc (LON:IBST)’s share price reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as GBX 74.95 and last traded at GBX 76.53, with a volume of 38424207 shares trading hands. The stock had previously closed at GBX 76.20.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Berenberg Bank dropped their price objective on shares of Ibstock from GBX 135 to GBX 120 and set a “hold” rating on the stock in a report on Friday, May 22nd. Peel Hunt reiterated a “buy” rating and set a GBX 125 price target on shares of Ibstock in a research note on Wednesday, August 5th. Royal Bank Of Canada cut their price objective on shares of Ibstock from GBX 160 to GBX 130 and set an “outperform” rating for the company in a research report on Thursday, July 30th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a GBX 100 target price on shares of Ibstock in a report on Thursday, August 6th. Finally, Jefferies Financial Group lowered their target price on Ibstock from GBX 115 to GBX 90 and set a “hold” rating on the stock in a research report on Monday, August 10th. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of GBX 113.

Ibstock Price Performance

The firm has a market cap of £302.31 million, a PE ratio of -13.43, a P/E/G ratio of 0.47 and a beta of 0.85. The firm’s fifty day simple moving average is GBX 89.51 and its two-hundred day simple moving average is GBX 97.89. The company has a quick ratio of 1.19, a current ratio of 1.28 and a debt-to-equity ratio of 54.38.

Ibstock (LON:IBST) last announced its quarterly earnings data on Wednesday, August 5th. The company reported GBX 0.70 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, research analysts expect that Ibstock plc will post 11.0089552 EPS for the current 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.