Ibstock (LON:IBST) Reaches New 52-Week Low - Time to Sell?

Ibstock plc (LON:IBST - Get Free Report)'s stock price hit a new 52-week low on Monday . The company traded as low as GBX 146.89 ($2.01) and last traded at GBX 147.10 ($2.01), with a volume of 6877000 shares changing hands. The stock had previously closed at GBX 152.01 ($2.08).

Analysts Set New Price Targets

Separately, Berenberg Bank reiterated a "hold" rating and set a GBX 200 ($2.73) price target on shares of Ibstock in a research report on Monday, June 16th.

Ibstock Trading Up 0.2%

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 company has a market cap of £573.25 million, a P/E ratio of 78.77, a P/E/G ratio of 0.47 and a beta of 1.34. The business has a 50-day moving average price of GBX 177.32 and a two-hundred day moving average price of GBX 172.16.

Insider Activity

In other news, insider Joe Hudson sold 139,886 shares of the business's stock in a transaction dated Wednesday, April 30th. The stock was sold at an average price of GBX 176 ($2.40), for a total transaction of £246,199.36 ($336,200.14). Also, insider Richard Akers acquired 100,000 shares of the firm's stock in a transaction that occurred on Thursday, June 19th. The shares were purchased at an average price of GBX 155 ($2.12) per share, with a total value of £155,000 ($211,661.89). 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.