Ibstock (LON:IBST) Sets New 12-Month Low – Here’s Why

Ibstock plc (LON:IBST)’s share price reached a new 52-week low during trading on Monday . The company traded as low as GBX 89.80 and last traded at GBX 91.91, with a volume of 165620250 shares. The stock had previously closed at GBX 90.35.

Analyst Ratings Changes

Several analysts have recently commented on IBST shares. Berenberg Bank decreased their target price on Ibstock from GBX 135 to GBX 120 and set a “hold” rating on the stock in a report on Friday, May 22nd. Jefferies Financial Group cut their price target on Ibstock from GBX 133 to GBX 127 and set a “buy” rating for the company in a report on Monday, April 20th. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on shares of Ibstock from GBX 144 to GBX 110 and set a “hold” rating on the stock in a research report on Tuesday, March 24th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of GBX 131.75.

Ibstock Price Performance

The stock has a market capitalization of £363.06 million, a P/E ratio of 114.89, a price-to-earnings-growth ratio of 0.47 and a beta of 0.86. The company has a debt-to-equity ratio of 44.59, a quick ratio of 1.19 and a current ratio of 1.33. The stock has a 50-day simple moving average of GBX 100.36 and a 200 day simple moving average of GBX 116.85.

Insider Transactions at Ibstock

In other Ibstock news, insider Joe Hudson sold 15,632 shares of the company’s stock in a transaction dated Monday, April 20th. The shares were sold at an average price of GBX 107, for a total transaction of £16,726.24. Also, insider Martin Payne bought 20,000 shares of Ibstock stock in a transaction dated Friday, April 17th. The stock was acquired at an average cost of GBX 108 per share, for a total transaction of £21,600. 2.26% of the stock is owned by company 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.