Ibstock (LON:IBST) Hits New 52-Week Low – What’s Next?

Ibstock plc (LON:IBST) reached a new 52-week low during mid-day trading on Friday . The company traded as low as GBX 143 ($1.94) and last traded at GBX 143.80 ($1.95), with a volume of 263216 shares. The stock had previously closed at GBX 145.20 ($1.97).

Wall Street Analyst Weigh In

IBST has been the subject of several research reports. Berenberg Bank reiterated a “hold” rating and set a GBX 200 ($2.71) price objective on shares of Ibstock in a research note on Monday, August 11th. Deutsche Bank Aktiengesellschaft cut their price objective on Ibstock from GBX 220 ($2.98) to GBX 210 ($2.85) and set a “buy” rating on the stock in a report on Thursday, August 7th. Finally, Jefferies Financial Group decreased their target price on Ibstock from GBX 190 ($2.58) to GBX 188 ($2.55) and set a “buy” rating for the company in a report on Friday, August 8th.

Ibstock Price Performance

The stock’s 50-day moving average price is GBX 152.09 and its 200 day moving average price is GBX 167.15. The company has a quick ratio of 1.19, a current ratio of 1.37 and a debt-to-equity ratio of 46.91. The firm has a market capitalization of £565.80 million, a price-to-earnings ratio of 77.75, a PEG ratio of 0.47 and a beta of 1.34.

Ibstock (LON:IBST) last announced its quarterly earnings data on Wednesday, August 6th. The company reported GBX 3 ($0.04) earnings per share (EPS) for the quarter. Ibstock had a net margin of 2.01% and a return on equity of 1.83%. Equities research analysts expect that Ibstock plc will post 11.0089552 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Richard Akers purchased 100,000 shares of the company’s stock in a transaction dated Thursday, June 19th. The stock was acquired at an average price of GBX 155 ($2.10) per share, with a total value of £155,000 ($210,084.03). 0.35% of the stock is owned by company 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.