Ibstock (LON:IBST) Hits New 52-Week Low – Here’s What Happened

Ibstock plc (LON:IBST)’s stock price hit a new 52-week low during trading on Wednesday . The stock traded as low as GBX 78.35 and last traded at GBX 78.45, with a volume of 1565140 shares. The stock had previously closed at GBX 80.35.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on IBST shares. Royal Bank Of Canada cut their price objective on shares of Ibstock from GBX 160 to GBX 130 and set an “outperform” rating on the stock in a report on Thursday, July 30th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a GBX 100 price objective on shares of Ibstock in a research note on Thursday, August 6th. Peel Hunt reaffirmed a “buy” rating and set a GBX 125 target price on shares of Ibstock in a report on Wednesday, August 5th. Berenberg Bank dropped their target price on shares of Ibstock from GBX 135 to GBX 120 and set a “hold” rating for the company in a research report on Friday, May 22nd. Finally, Jefferies Financial Group cut their price target on Ibstock from GBX 115 to GBX 90 and set a “hold” rating on the stock in a research note on Monday, August 10th. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of GBX 113.

Ibstock Trading Up 2.0%

The company has a market capitalization of £313.05 million, a P/E ratio of -13.90, a PEG ratio of 0.47 and a beta of 0.85. The company has a debt-to-equity ratio of 54.38, a current ratio of 1.28 and a quick ratio of 1.19. The business’s 50-day moving average price is GBX 90.18 and its two-hundred day moving average price is GBX 98.64.

Ibstock (LON:IBST) last released its quarterly earnings data on Wednesday, August 5th. The company reported GBX 0.70 EPS for the quarter. Ibstock had a negative net margin of 6.67% and a negative return on equity of 6.19%. As a group, analysts forecast that Ibstock plc will post 11.0089552 EPS for the current fiscal year.

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.