Ibstock (LON:IBST) Sets New 12-Month Low - Here's Why

Ibstock plc (LON:IBST - Get Free Report) shares reached a new 52-week low during mid-day trading on Friday . The stock traded as low as GBX 150 ($2.03) and last traded at GBX 151.95 ($2.06), with a volume of 25472 shares changing hands. The stock had previously closed at GBX 151 ($2.04).

Wall Street Analyst Weigh In

Separately, Berenberg Bank reaffirmed a "hold" rating and set a GBX 200 ($2.71) price objective on shares of Ibstock in a report on Monday, June 16th.

Ibstock Trading Down 1.3%

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 firm has a market capitalization of £588.65 million, a PE ratio of 80.89, a P/E/G ratio of 0.47 and a beta of 1.34. The company's fifty day simple moving average is GBX 180.98 and its 200-day simple moving average is GBX 173.82.

Insider Buying and Selling at Ibstock

In other Ibstock news, insider Richard Akers bought 100,000 shares of Ibstock stock in a transaction dated Thursday, June 19th. The stock was acquired at an average cost of GBX 155 ($2.10) per share, for a total transaction of £155,000 ($209,856.49). Also, insider Joe Hudson sold 139,886 shares of the stock in a transaction dated Wednesday, April 30th. The shares were sold at an average price of GBX 176 ($2.38), for a total transaction of £246,199.36 ($333,332.47). 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.