Shares of Ibstock plc (LON:IBST - Get Free Report) reached a new 52-week low during mid-day trading on Monday . The stock traded as low as GBX 146.89 ($2.02) and last traded at GBX 147.10 ($2.02), with a volume of 6877000 shares changing hands. The stock had previously closed at GBX 152.01 ($2.09).
Analyst Ratings Changes
Separately, Berenberg Bank reaffirmed a "hold" rating and issued a GBX 200 ($2.75) price objective on shares of Ibstock in a research note on Monday, June 16th.
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Ibstock Stock Performance
The stock's 50-day simple moving average is GBX 178.42 and its two-hundred day simple moving average is GBX 172.50. 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 stock has a market cap of £586.01 million, a price-to-earnings ratio of 80.52, a price-to-earnings-growth ratio of 0.47 and a beta of 1.34.
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 shares were sold at an average price of GBX 176 ($2.42), for a total transaction of £246,199.36 ($338,325.35). Also, insider Richard Akers acquired 100,000 shares of Ibstock stock in a transaction dated Thursday, June 19th. The shares were acquired at an average cost of GBX 155 ($2.13) per share, with a total value of £155,000 ($212,999.86). Insiders own 0.35% of the company's stock.
About Ibstock
(
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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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