Ibstock (LON:IBST) Insider Joe Hudson Sells 64,484 Shares

Ibstock plc (LON:IBST) insider Joe Hudson sold 64,484 shares of the business’s stock in a transaction that occurred on Monday, March 23rd. The stock was sold at an average price of GBX 103, for a total value of £66,418.52.

Ibstock Price Performance

LON:IBST opened at GBX 101.40 on Wednesday. Ibstock plc has a 12-month low of GBX 97 and a 12-month high of GBX 200.50. The firm has a market capitalization of £400.23 million, a price-to-earnings ratio of 33.80, a P/E/G ratio of 0.47 and a beta of 0.74. The stock’s 50 day moving average price is GBX 124.10 and its two-hundred day moving average price is GBX 130.75. The company has a quick ratio of 1.19, a current ratio of 1.33 and a debt-to-equity ratio of 44.59.

Ibstock (LON:IBST) last issued its earnings results on Thursday, March 5th. The company reported GBX 5.70 EPS for the quarter. Ibstock had a return on equity of 0.79% and a net margin of 0.83%. On average, analysts anticipate that Ibstock plc will post 11.0089552 earnings per share for the current year.

Analyst Ratings Changes

IBST has been the subject of a number of research analyst reports. Jefferies Financial Group reduced their price objective on shares of Ibstock from GBX 165 to GBX 145 and set a “buy” rating for the company in a research report on Monday, February 9th. Deutsche Bank Aktiengesellschaft cut their target price on shares of Ibstock from GBX 144 to GBX 110 and set a “hold” rating for the company in a research note on Tuesday. Finally, Berenberg Bank reduced their target price 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. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of GBX 140.

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.