Ibstock (LON:IBST) Shares Cross Below 50 Day Moving Average of $153.06

Ibstock plc (LON:IBST) passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 153.06 ($1.89) and traded as low as GBX 149.80 ($1.85). Ibstock shares last traded at GBX 149.80 ($1.85), with a volume of 1,545,871 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reiterated a “hold” rating and set a GBX 150 ($1.85) target price on shares of Ibstock in a research report on Thursday, March 7th.

Ibstock Stock Down 1.5 %

The company has a debt-to-equity ratio of 42.09, a current ratio of 1.50 and a quick ratio of 1.19. The company has a 50-day moving average of GBX 153.06 and a two-hundred day moving average of GBX 144.78. The company has a market capitalization of £579.09 million, a PE ratio of 2,996.00, a P/E/G ratio of 0.66 and a beta of 1.35.

Ibstock Increases Dividend

The firm also recently declared a dividend, which will be paid on Friday, May 31st. Shareholders of record on Thursday, May 9th will be issued a dividend of GBX 3.60 ($0.04) per share. The ex-dividend date is Thursday, May 9th. This is a boost from Ibstock’s previous dividend of $3.40. This represents a yield of 2.25%. Ibstock’s dividend payout ratio (DPR) is currently 14,000.00%.

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.