Ibstock plc (LON:IBST – Get Free Report)’s share price passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 95.07 and traded as low as GBX 92.80. Ibstock shares last traded at GBX 93.15, with a volume of 789,467 shares traded.
Analyst Upgrades and Downgrades
IBST has been the subject of several analyst reports. Berenberg Bank decreased their price objective on shares of Ibstock from GBX 135 to GBX 120 and set a “hold” rating for the company in a research note on Friday, May 22nd. Jefferies Financial Group cut their target price on Ibstock from GBX 133 to GBX 127 and set a “buy” rating on the stock in a research note 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 company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of GBX 131.75.
View Our Latest Analysis on IBST
Ibstock Trading Up 1.0%
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.
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