Ibstock (LON:IBST) Reaches New 52-Week Low - Here's What Happened

Key Points

• Ibstock plc's shares hit a new 52-week low at GBX 113.78 ($1.52), last trading at GBX 128.40 ($1.71) amidst high trading volume of 111,060,797 shares.
• Several analysts have downgraded their price targets for Ibstock, with Jefferies setting a target of GBX 188 and Berenberg Bank lowering it to GBX 170, indicating a cautious outlook.
• The company's latest quarterly earnings reported earnings per share of GBX 3, with a low return on equity of 1.83% and a net margin of 2.01% for the period.

Ibstock plc (LON:IBST - Get Free Report) shares reached a new 52-week low on Saturday . The company traded as low as GBX 113.78 ($1.52) and last traded at GBX 128.40 ($1.71), with a volume of 111060797 shares changing hands. The stock had previously closed at GBX 133.80 ($1.79).

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Jefferies Financial Group lowered their price objective on Ibstock from GBX 190 to GBX 188 and set a "buy" rating on the stock in a research report on Friday, August 8th. Berenberg Bank lowered their price objective on Ibstock from GBX 200 to GBX 170 and set a "hold" rating on the stock in a research report on Monday, September 8th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on Ibstock from GBX 220 to GBX 210 and set a "buy" rating on the stock in a research report on Thursday, August 7th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, Ibstock presently has an average rating of "Moderate Buy" and a consensus target price of GBX 189.33.

Ibstock Stock Down 4.0%

The firm has a 50 day moving average of GBX 138.97 and a two-hundred day moving average of GBX 158.70. The firm has a market capitalization of £506.77 million, a price-to-earnings ratio of 4,280.00, a price-to-earnings-growth ratio of 0.47 and a beta of 1.34. The company has a quick ratio of 1.19, a current ratio of 1.37 and a debt-to-equity ratio of 46.91.

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

Ibstock Company Profile

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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