Ibstock (LON:IBST) Reaches New 1-Year Low – What’s Next?

Ibstock plc (LON:IBST)’s share price reached a new 52-week low during trading on Saturday . The stock traded as low as GBX 113.78 ($1.52) and last traded at GBX 128.40 ($1.71), with a volume of 111060797 shares changing hands. The stock had previously closed at GBX 133.80 ($1.78).

Wall Street Analyst Weigh In

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

Ibstock Trading Down 4.0%

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 business’s 50-day moving average price is GBX 138.97 and its 200-day moving average price is GBX 158.48. The firm has a market capitalization of £506.77 million, a PE ratio of 4,280.00, a price-to-earnings-growth ratio of 0.47 and a beta of 1.34.

Ibstock (LON:IBST) last released its 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 expect that Ibstock plc will post 11.0089552 earnings per share for the current fiscal year.

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.