Ibstock (LON:IBST) Sets New 52-Week Low – Here’s Why

Ibstock plc (LON:IBST)’s share price reached a new 52-week low on Monday . The company traded as low as GBX 92.20 and last traded at GBX 93.50, with a volume of 758798 shares changing hands. The stock had previously closed at GBX 95.20.

Analysts Set New Price Targets

A number of research firms have weighed in on IBST. Jefferies Financial Group dropped their price objective on shares of Ibstock from GBX 133 to GBX 127 and set a “buy” rating on the stock in a research note on Monday, April 20th. Berenberg Bank dropped their price objective on shares of Ibstock from GBX 135 to GBX 120 and set a “hold” rating on the stock in a research note on Friday, May 22nd. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Ibstock from GBX 144 to GBX 110 and set a “hold” rating on the stock in a research note on Tuesday, March 24th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, Ibstock has an average rating of “Moderate Buy” and an average price target of GBX 131.75.

Ibstock Stock Down 1.8%

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 stock has a market capitalization of £369.33 million, a PE ratio of 116.87, a P/E/G ratio of 0.47 and a beta of 0.86. The stock’s fifty day simple moving average is GBX 102.36 and its 200-day simple moving average is GBX 119.42.

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

Insiders Place Their Bets

In other news, insider Martin Payne acquired 20,000 shares of the business’s stock in a transaction on Friday, April 17th. The shares were purchased at an average cost of GBX 108 per share, with a total value of £21,600. Also, insider Joe Hudson sold 64,484 shares of Ibstock stock in a transaction on Monday, March 23rd. The stock was sold at an average price of GBX 103, for a total transaction of £66,418.52. 2.26% of the stock is owned by insiders.

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.