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

Shares of Ibstock plc (LON:IBST) passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 134.34 and traded as low as GBX 127.20. Ibstock shares last traded at GBX 128.80, with a volume of 1,937,052 shares.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Jefferies Financial Group reduced their price target on Ibstock from GBX 188 to GBX 143 and set a “buy” rating for the company in a report on Monday, October 20th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Ibstock from GBX 210 to GBX 190 and set a “buy” rating on the stock in a research report on Friday, October 10th. Royal Bank Of Canada cut their price target on shares of Ibstock from GBX 210 to GBX 170 and set an “outperform” rating on the stock in a report on Wednesday, October 15th. Finally, Berenberg Bank decreased their price objective on shares of Ibstock from GBX 170 to GBX 150 and set a “hold” rating for the company in a report on Wednesday, October 15th. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of GBX 163.25.

Ibstock Stock Down 1.7%

The business’s 50 day moving average is GBX 134.34 and its 200-day moving average is GBX 153.48. 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 firm has a market capitalization of £508.35 million, a price-to-earnings ratio of 42.93, a price-to-earnings-growth ratio of 0.47 and a beta of 1.34.

Ibstock (LON:IBST) last released its earnings results on Wednesday, August 6th. The company reported GBX 3 earnings per share for the quarter. Ibstock had a net margin of 2.01% and a return on equity of 1.83%. Equities analysts anticipate 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.