Ibstock (LON:IBST) Hits New 1-Year Low - Should You Sell?

Key Points

• Ibstock plc's shares reached a new 52-week low, trading at GBX 131.80 ($1.78) and last at GBX 133.60 ($1.81), amid a low trading volume of 182,771 shares.
• Analysts have mixed views on Ibstock, with two giving it a "Buy" rating, while a recent downgrade from Berenberg Bank lowered its target price to GBX 170, reflecting ongoing concerns about its stock performance.
• The company reported a low return on equity of 1.83% and a net margin of 2.01%, raising questions about its financial health despite a market cap of £531.22 million.

Shares of Ibstock plc (LON:IBST - Get Free Report) reached a new 52-week low on Thursday . The stock traded as low as GBX 131.80 ($1.78) and last traded at GBX 133.60 ($1.81), with a volume of 182771 shares. The stock had previously closed at GBX 132.80 ($1.80).

Analyst Upgrades and Downgrades

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

Ibstock Stock Performance

The company has a market cap of £531.22 million, a P/E ratio of 4,486.70, a P/E/G ratio of 0.47 and a beta of 1.34. 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 business has a fifty day simple moving average of GBX 144.87 and a two-hundred day simple moving average of GBX 163.40.

Ibstock (LON:IBST - Get Free Report) last released its quarterly 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%. On average, sell-side analysts anticipate that Ibstock plc will post 11.0089552 EPS for the current year.

Insider Transactions at Ibstock

In other Ibstock news, insider Richard Akers bought 100,000 shares of Ibstock stock in a transaction on Thursday, June 19th. The stock was acquired at an average cost of GBX 155 per share, with a total value of £155,000. Company 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.

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