Ibstock (LON:IBST) Sets New 1-Year Low - Here's What Happened

Key Points

• Ibstock plc shares have reached a new 52-week low, trading at GBX 132.80 ($1.78) during recent trading sessions.
• Analysts have adjusted their price targets, with Berenberg reiterating a "hold" rating at GBX 200, while Jefferies and Deutsche Bank lowered their ratings to GBX 188 and GBX 210, respectively.
• The company reported earnings of GBX 3 EPS for the quarter, with analysts predicting an annual EPS of approximately 11.01.

Shares of Ibstock plc (LON:IBST - Get Free Report) hit a new 52-week low on Wednesday . The stock traded as low as GBX 132.80 ($1.79) and last traded at GBX 133.99 ($1.81), with a volume of 2056032 shares changing hands. The stock had previously closed at GBX 138 ($1.86).

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on IBST. Berenberg Bank restated a "hold" rating and set a GBX 200 target price on shares of Ibstock in a report on Monday, August 11th. Jefferies Financial Group dropped their target price on Ibstock from GBX 190 to GBX 188 and set a "buy" rating for the company in a report on Friday, August 8th. Finally, 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. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of GBX 199.33.

Ibstock Stock Up 1.2%

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 company has a market capitalization of £532.00 million, a P/E ratio of 4,493.33, a PEG ratio of 0.47 and a beta of 1.34. The company has a 50 day moving average of GBX 145.66 and a 200-day moving average of GBX 164.05.

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

Insiders Place Their Bets

In other news, insider Richard Akers acquired 100,000 shares of the business's stock in a transaction on Thursday, June 19th. The shares were acquired at an average cost of GBX 155 per share, with a total value of £155,000. Insiders own 2.26% of the company's stock.

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.