Ibstock (LON:IBST) Shares Cross Below 50 Day Moving Average - Should You Sell?

Key Points

• Ibstock plc's shares have crossed below their 50-day moving average of GBX 150.11, indicating a potential bearish trend as they traded as low as GBX 140.
• Equity analysts have mixed opinions on Ibstock, with a consensus rating of "Moderate Buy" and a target price of GBX 199.33, despite some price target reductions from analysts.
• Company insider Richard Akers bought 100,000 shares at an average price of GBX 155, demonstrating internal confidence in the stock's potential.

Ibstock plc (LON:IBST - Get Free Report)'s share price crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 150.11 ($2.03) and traded as low as GBX 140 ($1.89). Ibstock shares last traded at GBX 143 ($1.93), with a volume of 583,593 shares trading hands.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Ibstock from GBX 220 to GBX 210 and set a "buy" rating on the stock in a research note on Thursday, August 7th. Jefferies Financial Group decreased their price objective on Ibstock from GBX 190 to GBX 188 and set a "buy" rating for the company in a report on Friday, August 8th. Finally, Berenberg Bank reiterated a "hold" rating and set a GBX 200 target price on shares of Ibstock in a report on Monday, August 11th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of GBX 199.33.

Ibstock Stock Performance

The company has a market capitalization of £554.77 million, a P/E ratio of 76.23, a PEG ratio of 0.47 and a beta of 1.34. The stock's fifty day moving average price is GBX 150.11 and its 200-day moving average price is GBX 166.78. The company has a debt-to-equity ratio of 46.91, a quick ratio of 1.19 and a current ratio of 1.37.

Ibstock (LON:IBST - Get Free Report) last announced its quarterly earnings results 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, research analysts anticipate that Ibstock plc will post 11.0089552 EPS for the current fiscal year.

Insiders Place Their Bets

In other Ibstock news, insider Richard Akers purchased 100,000 shares of the company's stock in a transaction that occurred on Thursday, June 19th. The shares were acquired at an average price of GBX 155 per share, for a total transaction of £155,000. Company insiders own 0.35% of the company's stock.

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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