Ibstock (LON:IBST) Shares Pass Below Two Hundred Day Moving Average – What’s Next?

Ibstock plc (LON:IBSTGet Free Report)’s share price crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 132.51 and traded as low as GBX 101.80. Ibstock shares last traded at GBX 103, with a volume of 2,130,771 shares traded.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on IBST shares. Jefferies Financial Group reduced their target price on Ibstock from GBX 165 to GBX 145 and set a “buy” rating on the stock in a research report on Monday, February 9th. Berenberg Bank lowered their price target on Ibstock from GBX 150 to GBX 135 and set a “hold” rating for the company in a report on Wednesday, January 21st. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of GBX 160.

Get Our Latest Stock Report on Ibstock

Ibstock Stock Performance

The firm has a 50-day moving average of GBX 128.86 and a two-hundred day moving average of GBX 132.51. The company has a quick ratio of 1.19, a current ratio of 1.33 and a debt-to-equity ratio of 44.59. The company has a market capitalization of £406.54 million, a PE ratio of 34.33, a PEG ratio of 0.47 and a beta of 0.74.

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

Ibstock Company Profile

(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.

Further Reading

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