Ibstock (LON:IBST) Reaches New 1-Year Low - Time to Sell?

Key Points

• Ibstock plc's stock reached a new 52-week low of GBX 140 ($1.88) during trading, reflecting ongoing market challenges.
• Analysts show mixed sentiments with two Buy ratings, one Hold rating, and a consensus target price of GBX 199.33.
• The company's latest quarterly earnings reported a modest earnings per share of GBX 3, with a net margin of 2.01% and a return on equity of 1.83%.

Ibstock plc (LON:IBST - Get Free Report) reached a new 52-week low during mid-day trading on Thursday . The company traded as low as GBX 140 ($1.89) and last traded at GBX 142 ($1.92), with a volume of 1222742 shares. The stock had previously closed at GBX 143 ($1.93).

Wall Street Analyst Weigh In

IBST has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft cut their target price on shares of Ibstock from GBX 220 to GBX 210 and set a "buy" rating for the company in a research note on Thursday, August 7th. Berenberg Bank restated a "hold" rating and set a GBX 200 target price on shares of Ibstock in a research note on Monday, August 11th. Finally, Jefferies Financial Group cut their target price on shares of Ibstock from GBX 190 to GBX 188 and set a "buy" rating for the company in a research note on Friday, August 8th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of GBX 199.33.

Ibstock Trading Up 3.0%

The firm has a market capitalization of £561.07 million, a P/E ratio of 77.10, a price-to-earnings-growth ratio of 0.47 and a beta of 1.34. The business's 50-day moving average is GBX 148.89 and its 200 day moving average is GBX 166.25. The company has a debt-to-equity ratio of 46.91, a current ratio of 1.37 and a quick ratio of 1.19.

Ibstock (LON:IBST - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The company reported GBX 3 EPS for the quarter. Ibstock had a net margin of 2.01% and a return on equity of 1.83%. As a group, analysts anticipate that Ibstock plc will post 11.0089552 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Richard Akers bought 100,000 shares of the firm's stock in a transaction on Thursday, June 19th. The shares were purchased at an average cost of GBX 155 per share, with a total value of £155,000. 0.35% of the stock is currently owned by corporate insiders.

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.