Ibstock (LON:IBST) Hits New 52-Week Low – Time to Sell?

Shares of Ibstock plc (LON:IBST) hit a new 52-week low on Monday . The company traded as low as GBX 92.85 and last traded at GBX 96.40, with a volume of 2692989 shares changing hands. The stock had previously closed at GBX 95.40.

Analysts Set New Price Targets

Several research firms have issued reports on IBST. Berenberg Bank decreased their price objective on shares of Ibstock from GBX 150 to GBX 135 and set a “hold” rating for the company in a research note on Wednesday, January 21st. Deutsche Bank Aktiengesellschaft reduced 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. Finally, Jefferies Financial Group lowered 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. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of GBX 135.50.

Ibstock Stock Up 1.0%

The stock has a market capitalization of £380.80 million, a price-to-earnings ratio of 120.50, a price-to-earnings-growth ratio of 0.47 and a beta of 0.86. The firm has a 50-day moving average of GBX 104.28 and a 200 day moving average of GBX 123.13. The company has a current ratio of 1.33, a quick ratio of 1.19 and a debt-to-equity ratio of 44.59.

Ibstock (LON:IBST) last posted its quarterly earnings data on Thursday, March 5th. The company reported GBX 5.70 earnings per share for the quarter. Ibstock had a net margin of 0.83% and a return on equity of 0.79%. On average, sell-side analysts anticipate that Ibstock plc will post 11.0089552 earnings per share for the current year.

Insider Activity at Ibstock

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

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.