Ibstock (LON:IBST) Insider Buys £21,600 in Stock

Ibstock plc (LON:IBST) insider Martin Payne purchased 20,000 shares of Ibstock stock in a transaction dated Friday, April 17th. The stock was bought at an average cost of GBX 108 per share, with a total value of £21,600.

Ibstock Trading Up 4.3%

Shares of LON:IBST opened at GBX 112.50 on Monday. 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 50 day moving average of GBX 114.83 and a 200-day moving average of GBX 126.88. The firm has a market cap of £444.26 million, a P/E ratio of 140.63, a P/E/G ratio of 0.47 and a beta of 0.88. Ibstock plc has a twelve month low of GBX 97 and a twelve month high of GBX 200.50.

Ibstock (LON:IBST) last issued its quarterly earnings results on Thursday, March 5th. The company reported GBX 5.70 earnings per share for the quarter. Ibstock had a net margin of 0.83% and a return on equity of 0.79%. As a group, analysts anticipate that Ibstock plc will post 11.0089552 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have weighed in on IBST. Jefferies Financial Group lowered their price objective on shares of Ibstock from GBX 165 to GBX 145 and set a “buy” rating for the company in a research report on Monday, February 9th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Ibstock from GBX 144 to GBX 110 and set a “hold” rating for the company in a report on Tuesday, March 24th. Finally, Berenberg Bank decreased their price objective on shares of Ibstock from GBX 150 to GBX 135 and set a “hold” rating for the company in a report on Wednesday, January 21st. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of GBX 140.

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.