Ibstock (LON:IBST) Hits New 1-Year Low – Here’s What Happened

Shares of Ibstock plc (LON:IBSTGet Free Report) hit a new 52-week low on Friday . The company traded as low as GBX 108.58 and last traded at GBX 109.66, with a volume of 4504516 shares changing hands. The stock had previously closed at GBX 114.40.

Ibstock News Summary

Here are the key news stories impacting Ibstock this week:

Analysts Set New Price Targets

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

View Our Latest Research Report on IBST

Ibstock Stock Performance

The firm has a market cap of £432.83 million, a PE ratio of 36.55, a P/E/G ratio of 0.47 and a beta of 0.74. The stock has a 50-day moving average price of GBX 132.48 and a 200 day moving average price of GBX 133.73. The company has a debt-to-equity ratio of 51.05, a current ratio of 1.24 and a quick ratio of 1.19.

Ibstock (LON:IBSTGet Free Report) last released its earnings results on Thursday, March 5th. The company reported GBX 5.70 earnings per share for the quarter. Ibstock had a return on equity of 3.09% and a net margin of 3.19%. Research analysts forecast that Ibstock plc will post 11.0089552 earnings per share 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.

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