Ibstock (LON:IBST) Hits New 52-Week Low – Here’s Why

Ibstock plc (LON:IBST) shares reached a new 52-week low during mid-day trading on Monday . The stock traded as low as GBX 143 ($1.95) and last traded at GBX 144.80 ($1.98), with a volume of 276361 shares trading hands. The stock had previously closed at GBX 144.41 ($1.97).

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank restated a “hold” rating and set a GBX 200 ($2.73) target price on shares of Ibstock in a research note on Monday, June 16th.

Ibstock Stock Up 0.3%

The company has a current ratio of 1.37, a quick ratio of 1.19 and a debt-to-equity ratio of 46.91. The firm has a market cap of £570.53 million, a P/E ratio of 78.40, a PEG ratio of 0.47 and a beta of 1.34. The company’s 50 day simple moving average is GBX 176.10 and its 200-day simple moving average is GBX 171.49.

Insider Activity

In other news, insider Joe Hudson sold 139,886 shares of the company’s stock in a transaction dated Wednesday, April 30th. The shares were sold at an average price of GBX 176 ($2.40), for a total transaction of £246,199.36 ($336,200.14). Also, insider Richard Akers purchased 100,000 shares of Ibstock stock in a transaction dated Thursday, June 19th. The shares were acquired at an average cost of GBX 155 ($2.12) per share, with a total value of £155,000 ($211,661.89). 0.35% of the stock is owned by corporate insiders.

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.