Ibstock (LON:IBST) Trading Down 7.2% – Here’s Why

Shares of Ibstock plc (LON:IBST) were down 7.2% on Friday . The stock traded as low as GBX 113.78 ($1.52) and last traded at GBX 124.10 ($1.66). Approximately 18,111,258 shares traded hands during mid-day trading, an increase of 727% from the average daily volume of 2,189,371 shares. The stock had previously closed at GBX 133.80 ($1.79).

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Berenberg Bank decreased their price target on shares of Ibstock from GBX 200 to GBX 170 and set a “hold” rating for the company in a research note on Monday, September 8th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Ibstock from GBX 220 to GBX 210 and set a “buy” rating for the company in a research note on Thursday, August 7th. Finally, Jefferies Financial Group decreased their price objective on Ibstock from GBX 190 to GBX 188 and set a “buy” rating for the company in a research report on Friday, August 8th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of GBX 189.33.

Ibstock Stock Performance

The company has a debt-to-equity ratio of 46.91, a current ratio of 1.37 and a quick ratio of 1.19. The stock has a market cap of £506.77 million, a price-to-earnings ratio of 4,280.00, a P/E/G ratio of 0.47 and a beta of 1.34. The stock’s 50-day moving average is GBX 138.97 and its 200 day moving average is GBX 158.60.

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

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.