Ibstock (LON:IBST) Stock Crosses Below Fifty Day Moving Average – Here’s What Happened

Ibstock plc (LON:IBST) passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 95.45 and traded as low as GBX 93. Ibstock shares last traded at GBX 96.85, with a volume of 652,212 shares traded.

Analyst Upgrades and Downgrades

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

Ibstock Stock Performance

The stock has a market cap of £382.57 million, a PE ratio of 121.06, a PEG ratio of 0.47 and a beta of 0.86. The business has a 50-day moving average of GBX 95.45 and a 200 day moving average of GBX 111.55. The company has a debt-to-equity ratio of 44.59, a quick ratio of 1.19 and a current ratio of 1.33.

Insider Activity

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

Ibstock Company Profile

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.