Ibstock (LON:IBST) Reaches New 12-Month Low – What’s Next?

Ibstock plc (LON:IBST – Get Free Report) hit a new 52-week low during trading on Tuesday . The stock traded as low as GBX 94.95 and last traded at GBX 95, with a volume of 1256480 shares trading hands. The stock had previously closed at GBX 98.55.

Wall Street Analysts Forecast Growth

IBST has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft reduced their price target on Ibstock from GBX 144 to GBX 110 and set a “hold” rating for the company in a research report on Tuesday, March 24th. Berenberg Bank reduced their price target on Ibstock from GBX 150 to GBX 135 and set a “hold” rating for the company in a research report on Wednesday, January 21st. Finally, Jefferies Financial Group cut their price objective on Ibstock from GBX 133 to GBX 127 and set a “buy” rating for the company in a research report on Monday, April 20th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of GBX 135.50.

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Ibstock Stock Performance

The company has a 50 day moving average price of GBX 106.76 and a 200-day moving average price of GBX 124.34. 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 market cap of £375.27 million, a P/E ratio of 118.75, a price-to-earnings-growth ratio of 0.47 and a beta of 0.86.

Ibstock (LON:IBST – Get Free Report) last released its quarterly earnings data on Thursday, March 5th. The company reported GBX 5.70 earnings per share for the quarter. Ibstock had a return on equity of 0.79% and a net margin of 0.83%. On average, equities analysts expect that Ibstock plc will post 11.0089552 earnings per share for the current fiscal year.

Insider Buying and Selling at Ibstock

In other news, insider Martin Payne acquired 20,000 shares of the business’s stock in a transaction that occurred on Friday, April 17th. The shares were bought 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 dated Monday, April 20th. The stock was sold at an average price of GBX 107, for a total value of £16,726.24. Company insiders own 2.26% of the company’s stock.

About Ibstock

(Get Free Report)

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.

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