Ibstock (LON:IBST) Sets New 12-Month Low – Should You Sell?

Ibstock plc (LON:IBST)’s stock price hit a new 52-week low during trading on Thursday . The stock traded as low as GBX 82.40 and last traded at GBX 84.35, with a volume of 846999 shares trading hands. The stock had previously closed at GBX 83.50.

Analyst Upgrades and Downgrades

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

Ibstock Stock Performance

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 stock’s 50 day simple moving average is GBX 91.63 and its two-hundred day simple moving average is GBX 100.89. The company has a market capitalization of £333.20 million, a P/E ratio of 105.44, a P/E/G ratio of 0.47 and a beta of 0.85.

Ibstock (LON:IBST) last announced its earnings results 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, research analysts expect that Ibstock plc will post 11.0089552 earnings per share for the current 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.