Ibstock plc (LON:IBST - Get Free Report) traded down 14.4% during mid-day trading on Wednesday . The stock traded as low as GBX 157.41 ($2.13) and last traded at GBX 165.40 ($2.24). 15,625,919 shares changed hands during trading, an increase of 587% from the average session volume of 2,276,120 shares. The stock had previously closed at GBX 193.20 ($2.62).
Wall Street Analysts Forecast Growth
A number of equities research analysts have weighed in on IBST shares. Deutsche Bank Aktiengesellschaft lifted their price objective on Ibstock from GBX 225 ($3.05) to GBX 240 ($3.25) and gave the company a "buy" rating in a report on Thursday, February 20th. Berenberg Bank restated a "hold" rating and issued a GBX 200 ($2.71) price target on shares of Ibstock in a research note on Wednesday, April 23rd.
View Our Latest Research Report on IBST
Ibstock Stock Performance
The stock's 50-day moving average price is GBX 182.19 and its 200-day moving average price is GBX 175.82. The company 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. The company has a debt-to-equity ratio of 46.91, a quick ratio of 1.19 and a current ratio of 1.37.
Insiders Place Their Bets
In other Ibstock 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). 0.35% of the stock is owned by company insiders.
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.
See Also
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