Ibstock (LON:IBST) Hits New 12-Month Low - Time to Sell?

Key Points

• Ibstock plc's share price fell to a new 52-week low of GBX 143 ($1.93) during mid-day trading, showing a decline from its previous close at GBX 145.20 ($1.96).
• Analysts have mixed views with Jefferies Financial Group lowering its target price to GBX 188 ($2.54) while Deutsche Bank and Berenberg Bank maintain a "buy" and "hold" rating, respectively, with target prices of GBX 210 ($2.84) and GBX 200 ($2.71).
• Despite recent challenges, Ibstock reported earnings per share of GBX 3 ($0.04) in their last quarterly earnings, with analysts predicting a total EPS of approximately 11.01 for the current fiscal year.

Ibstock plc (LON:IBST - Get Free Report)'s share price hit a new 52-week low during mid-day trading on Friday . The stock traded as low as GBX 143 ($1.93) and last traded at GBX 143.80 ($1.95), with a volume of 263216 shares. The stock had previously closed at GBX 145.20 ($1.96).

Analyst Upgrades and Downgrades

Several research analysts recently commented on IBST shares. Jefferies Financial Group reduced their target price on Ibstock from GBX 190 ($2.57) to GBX 188 ($2.54) and set a "buy" rating for the company in a research report on Friday, August 8th. Berenberg Bank reaffirmed a "hold" rating and issued a GBX 200 ($2.71) target price on shares of Ibstock in a research report on Monday. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on Ibstock from GBX 220 ($2.98) to GBX 210 ($2.84) and set a "buy" rating for the company in a research report on Thursday, August 7th.

Ibstock Price Performance

The company has a debt-to-equity ratio of 46.91, a quick ratio of 1.19 and a current ratio of 1.37. The company has a 50-day moving average of GBX 152.98 and a 200-day moving average of GBX 167.29. The firm has a market capitalization of £566.59 million, a price-to-earnings ratio of 77.85, a price-to-earnings-growth ratio of 0.47 and a beta of 1.34.

Ibstock (LON:IBST - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The company reported GBX 3 ($0.04) 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, research analysts anticipate that Ibstock plc will post 11.0089552 EPS for the current fiscal year.

Insider Activity at Ibstock

In other Ibstock news, insider Richard Akers purchased 100,000 shares of the business's stock in a transaction on Thursday, June 19th. The stock was acquired at an average price of GBX 155 ($2.10) per share, with a total value of £155,000 ($209,714.52). Insiders own 0.35% 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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