Ibstock (LON:IBST) Stock Passes Below 50-Day Moving Average – Should You Sell?

Ibstock plc (LON:IBST) shares passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 134.58 and traded as low as GBX 128. Ibstock shares last traded at GBX 130, with a volume of 706,970 shares trading hands.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on IBST shares. Deutsche Bank Aktiengesellschaft dropped their price objective on Ibstock from GBX 210 to GBX 190 and set a “buy” rating for the company in a report on Friday, October 10th. Royal Bank Of Canada reduced their price target on shares of Ibstock from GBX 210 to GBX 170 and set an “outperform” rating on the stock in a research note on Wednesday, October 15th. Berenberg Bank decreased their price objective on shares of Ibstock from GBX 150 to GBX 135 and set a “hold” rating for the company in a report on Wednesday, January 21st. Finally, Jefferies Financial Group lowered their price objective on shares of Ibstock from GBX 188 to GBX 143 and set a “buy” rating for the company in a research report on Monday, October 20th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of GBX 159.50.

Ibstock Trading Up 2.5%

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 stock’s 50 day moving average is GBX 134.58 and its two-hundred day moving average is GBX 136.28. The company has a market capitalization of £524.17 million, a PE ratio of 44.27, a price-to-earnings-growth ratio of 0.47 and a beta of 1.34.

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.