Ibstock plc (LON:IBST – Get Free Report)’s share price crossed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 153.67 ($1.91) and traded as low as GBX 146.20 ($1.82). Ibstock shares last traded at GBX 148.40 ($1.85), with a volume of 1,210,457 shares.
Wall Street Analysts Forecast Growth
Separately, Berenberg Bank reiterated a “hold” rating and set a GBX 150 ($1.87) target price on shares of Ibstock in a report on Thursday, March 7th.
Read Our Latest Stock Report on IBST
Ibstock Trading Down 0.3 %
Ibstock Increases Dividend
The company also recently announced a dividend, which will be paid on Friday, May 31st. Stockholders of record on Thursday, May 9th will be issued a dividend of GBX 3.60 ($0.04) per share. This is a positive change from Ibstock’s previous dividend of $3.40. This represents a dividend yield of 2.25%. The ex-dividend date of this dividend is Thursday, May 9th. Ibstock’s dividend payout ratio is currently 14,000.00%.
Ibstock Company Profile
Ibstock plc manufactures and sells clay and concrete building products and solutions 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; retaining walls, such as stepoc, slopeloc, and keystone.
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