Ibstock plc (LON:IBST - Get Free Report) shares were down 14.4% during trading on Wednesday . The company traded as low as GBX 157.41 ($2.14) and last traded at GBX 165.40 ($2.25). Approximately 15,625,919 shares changed hands during trading, an increase of 587% from the average daily 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 brokerages recently issued reports on IBST. Deutsche Bank Aktiengesellschaft upped their target price on Ibstock from GBX 225 ($3.05) to GBX 240 ($3.26) and gave the company a "buy" rating in a research report on Thursday, February 20th. Berenberg Bank reaffirmed 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 Report on Ibstock
Ibstock Trading Down 3.1%
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 stock has a market capitalization of £621.75 million, a PE ratio of 85.43, a P/E/G ratio of 0.47 and a beta of 1.34. The company has a 50 day simple moving average of GBX 182.26 and a 200 day simple moving average of GBX 175.37.
Insider Activity
In other 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 transaction 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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