Ibstock plc (LON:IBST) Insider Richard Akers Purchases 100,000 Shares of Stock

Ibstock plc (LON:IBST) insider Richard Akers acquired 100,000 shares of the business’s stock in a transaction dated Thursday, June 19th. The stock was acquired at an average price of GBX 155 ($2.08) per share, for a total transaction of £155,000 ($208,445.40).

Ibstock Stock Up 0.3%

Shares of IBST opened at GBX 151.40 ($2.04) on Friday. The company has a market capitalization of £596.53 million, a price-to-earnings ratio of 81.97, a PEG ratio of 0.47 and a beta of 1.34. Ibstock plc has a 52 week low of GBX 150 ($2.02) and a 52 week high of GBX 212 ($2.85). The stock’s 50-day moving average price is GBX 181.38 and its 200-day moving average price is GBX 174.34. The company has a quick ratio of 1.19, a current ratio of 1.37 and a debt-to-equity ratio of 46.91.

Wall Street Analyst Weigh In

Separately, Berenberg Bank restated a “hold” rating and set a GBX 200 ($2.69) target price on shares of Ibstock in a research report on Monday, June 16th.

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.