Ibstock (LON:IBST) Share Price Passes Above 50 Day Moving Average - What's Next?

Ibstock plc (LON:IBST - Get Free Report)'s share price crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 180.32 ($2.45) and traded as high as GBX 200 ($2.72). Ibstock shares last traded at GBX 189.40 ($2.57), with a volume of 1,111,172 shares traded.

Wall Street Analyst Weigh In

IBST has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft boosted their target price on Ibstock from GBX 225 ($3.06) to GBX 240 ($3.26) and gave the stock a "buy" rating in a research report on Thursday, February 20th. Berenberg Bank restated a "hold" rating and set a GBX 200 ($2.72) target price on shares of Ibstock in a research report on Wednesday, April 23rd.

Ibstock Price Performance

The company has a current ratio of 1.37, a quick ratio of 1.19 and a debt-to-equity ratio of 46.91. The firm has a market cap of £742.32 million, a P/E ratio of 102.00, a PEG ratio of 0.47 and a beta of 1.34. The company has a fifty day moving average price of GBX 180.63 and a two-hundred day moving average price of GBX 175.83.

Ibstock (LON:IBST - Get Free Report) last released its quarterly earnings data on Thursday, March 6th. The company reported GBX 7.70 ($0.10) earnings per share for the quarter. Ibstock had a return on equity of 1.83% and a net margin of 2.01%. Equities analysts anticipate that Ibstock plc will post 11.0089552 earnings per share for the current year.

Insider Activity

In other Ibstock news, insider Joe Hudson sold 139,886 shares of the business's stock in a transaction that occurred on Wednesday, April 30th. The stock was sold at an average price of GBX 176 ($2.39), for a total value of £246,199.36 ($334,328.30). 0.35% of the stock is currently owned by company 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.