Ibstock (LON:IBST) Insider Martin Payne Purchases 20,000 Shares

Ibstock plc (LON:IBST) insider Martin Payne purchased 20,000 shares of the business’s stock in a transaction on Friday, April 17th. The stock was bought at an average cost of GBX 108 per share, with a total value of £21,600.

Ibstock Trading Up 4.3%

Shares of IBST opened at GBX 112.50 on Friday. The firm has a market cap of £444.26 million, a price-to-earnings ratio of 140.63, a PEG ratio of 0.47 and a beta of 0.88. The company has a debt-to-equity ratio of 44.59, a quick ratio of 1.19 and a current ratio of 1.33. Ibstock plc has a fifty-two week low of GBX 97 and a fifty-two week high of GBX 200.50. The firm has a 50 day moving average price of GBX 114.83 and a 200-day moving average price of GBX 127.05.

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

Analyst Upgrades and Downgrades

Several brokerages have commented on IBST. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Ibstock from GBX 144 to GBX 110 and set a “hold” rating on the stock in a research report on Tuesday, March 24th. Jefferies Financial Group reduced their target price on shares of Ibstock from GBX 165 to GBX 145 and set a “buy” rating on the stock in a research report on Monday, February 9th. Finally, Berenberg Bank reduced their target price on shares of Ibstock from GBX 150 to GBX 135 and set a “hold” rating on the stock in a research 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. According to MarketBeat, Ibstock has a consensus rating of “Moderate Buy” and an average price target 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.