Ibstock plc (LON:IBST - Get Free Report) fell 14% during mid-day trading on Wednesday . The company traded as low as GBX 157.41 ($2.14) and last traded at GBX 166.20 ($2.26). 11,677,433 shares traded hands during trading, an increase of 421% from the average session volume of 2,242,605 shares. The stock had previously closed at GBX 193.20 ($2.62).
Analysts Set New Price Targets
A number of brokerages have recently issued reports on IBST. Deutsche Bank Aktiengesellschaft raised their price target on shares of Ibstock from GBX 225 ($3.05) to GBX 240 ($3.26) and gave the stock a "buy" rating in a report on Thursday, February 20th. Berenberg Bank reiterated a "hold" rating and issued a GBX 200 ($2.72) target price on shares of Ibstock in a report on Wednesday, April 23rd.
Read Our Latest Stock Report on Ibstock
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 company's fifty day moving average is GBX 182.26 and its two-hundred day moving average is GBX 175.37. The stock has a market cap of £621.75 million, a price-to-earnings ratio of 85.43, a P/E/G ratio of 0.47 and a beta of 1.34.
Insiders Place Their Bets
In other Ibstock news, insider Joe Hudson sold 139,886 shares of the business's stock in a transaction on Wednesday, April 30th. The shares were sold at an average price of GBX 176 ($2.39), for a total value of £246,199.36 ($334,282.91). Insiders own 0.35% of the company's stock.
Ibstock Company Profile
(
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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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