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

Ibstock plc (LON:IBST) shares reached a new 52-week low on Tuesday . The stock traded as low as GBX 94.95 and last traded at GBX 95, with a volume of 1256480 shares traded. The stock had previously closed at GBX 98.55.

Analysts Set New Price Targets

Several research firms have recently weighed in on IBST. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Ibstock from GBX 144 to GBX 110 and set a “hold” rating on the stock in a report on Tuesday, March 24th. Jefferies Financial Group lowered their target price on shares of Ibstock from GBX 133 to GBX 127 and set a “buy” rating on the stock in a report on Monday, April 20th. Finally, Berenberg Bank lowered their target price on shares of Ibstock from GBX 150 to GBX 135 and set a “hold” rating on the stock in a report on Wednesday, January 21st. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Ibstock has an average rating of “Moderate Buy” and an average target price of GBX 135.50.

Ibstock Trading Up 0.8%

The business’s fifty day simple moving average is GBX 104.77 and its 200 day simple moving average is GBX 123.43. 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 cap of £382.38 million, a P/E ratio of 121.00, a price-to-earnings-growth ratio of 0.47 and a beta of 0.86.

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

Insider Transactions at Ibstock

In related news, insider Martin Payne acquired 20,000 shares of the firm’s stock in a transaction on Friday, April 17th. The shares were purchased 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 stock in a transaction dated 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 corporate 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.