Ibstock plc (LON:IBST - Get Free Report)'s stock price dropped 14% on Wednesday . The stock traded as low as GBX 157.41 ($2.13) and last traded at GBX 166.20 ($2.25). Approximately 11,677,433 shares changed hands during trading, an increase of 421% from the average daily volume of 2,242,605 shares. The stock had previously closed at GBX 193.20 ($2.62).
Wall Street Analysts Forecast Growth
Several analysts recently commented on IBST shares. Berenberg Bank reaffirmed a "hold" rating and issued a GBX 200 ($2.71) price target on shares of Ibstock in a research note on Wednesday, April 23rd. Deutsche Bank Aktiengesellschaft raised their target price on shares of Ibstock from GBX 225 ($3.05) to GBX 240 ($3.25) and gave the stock a "buy" rating in a report on Thursday, February 20th.
Get Our Latest Stock Report on Ibstock
Ibstock Trading Down 0.1%
The firm's 50-day simple moving average is GBX 182.19 and its 200 day simple moving average is GBX 175.82. The company has a debt-to-equity ratio of 46.91, a current ratio of 1.37 and a quick ratio of 1.19. The firm has a market capitalization of £641.45 million, a price-to-earnings ratio of 88.14, a P/E/G ratio of 0.47 and a beta of 1.34.
Insider Transactions at Ibstock
In related news, insider Joe Hudson sold 139,886 shares of the firm's stock in a transaction on Wednesday, April 30th. The stock was sold at an average price of GBX 176 ($2.39), for a total transaction of £246,199.36 ($333,739.14). Company insiders own 0.35% of the company's stock.
About Ibstock
(
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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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