Ibstock (LON:IBST) Stock Price Passes Below 50-Day Moving Average of $169.87

Ibstock plc (LON:IBST – Get Rating) crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 169.87 ($2.11) and traded as low as GBX 164.31 ($2.04). Ibstock shares last traded at GBX 166.30 ($2.07), with a volume of 479,876 shares trading hands.

Analyst Upgrades and Downgrades

A number of research analysts have commented on IBST shares. Peel Hunt restated a “buy” rating and set a GBX 230 ($2.86) price objective on shares of Ibstock in a research note on Wednesday, March 8th. Berenberg Bank reiterated a “hold” rating and issued a GBX 180 ($2.24) target price on shares of Ibstock in a research report on Friday, May 5th.

Ibstock Trading Down 1.4 %

The company has a quick ratio of 1.19, a current ratio of 1.67 and a debt-to-equity ratio of 32.03. The firm’s 50-day simple moving average is GBX 169.87 and its 200 day simple moving average is GBX 164.69. The stock has a market capitalization of £644.08 million, a P/E ratio of 791.90, a PEG ratio of 0.66 and a beta of 1.36.

Ibstock Increases Dividend

The firm also recently disclosed a dividend, which was paid on Friday, May 12th. Shareholders of record on Thursday, April 20th were given a dividend of GBX 5.50 ($0.07) per share. The ex-dividend date of this dividend was Thursday, April 20th. This is a positive change from Ibstock’s previous dividend of $3.30. This represents a yield of 3.39%. Ibstock’s dividend payout ratio (DPR) is presently 4,285.71%.

Insider Transactions at Ibstock

In related news, insider Nicola Bruce acquired 5,939 shares of the business’s stock in a transaction that occurred on Friday, April 28th. The shares were acquired at an average cost of GBX 168 ($2.09) per share, with a total value of £9,977.52 ($12,409.85). In other news, insider Chris McLeish sold 2,950 shares of Ibstock stock in a transaction that occurred on Tuesday, April 18th. The stock was sold at an average price of GBX 172 ($2.14), for a total transaction of £5,074 ($6,310.95). Also, insider Nicola Bruce acquired 5,939 shares of the firm’s stock in a transaction dated Friday, April 28th. The shares were purchased at an average cost of GBX 168 ($2.09) per share, for a total transaction of £9,977.52 ($12,409.85). Company insiders own 0.24% of the company’s stock.

About Ibstock

(Get Rating)

Ibstock plc manufactures and sells clay and concrete building products and solutions primarily in the United Kingdom. Its principal products include clay bricks, brick components, concrete roof tiles, concrete stone masonry substitutes, concrete fencing, pre-stressed concrete, and concrete rail products.