Ibstock (LON:IBST) Trading Down 15.6% - Should You Sell?

Ibstock plc (LON:IBST - Get Free Report) dropped 15.6% during trading on Wednesday . The stock traded as low as GBX 157.41 ($2.14) and last traded at GBX 163 ($2.21). Approximately 11,275,572 shares traded hands during mid-day trading, an increase of 404% from the average daily volume of 2,238,985 shares. The stock had previously closed at GBX 193.20 ($2.62).

Wall Street Analysts Forecast Growth

Several analysts have weighed in on IBST shares. Berenberg Bank reaffirmed a "hold" rating and issued a GBX 200 ($2.71) price target on shares of Ibstock in a report on Wednesday, April 23rd. Deutsche Bank Aktiengesellschaft boosted 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 note on Thursday, February 20th.

Ibstock Stock Down 3.1%

The company has a quick ratio of 1.19, a current ratio of 1.37 and a debt-to-equity ratio of 46.91. The company has a fifty day simple moving average of GBX 182.26 and a 200 day simple moving average of GBX 175.44. The firm has a market capitalization of £621.75 million, a P/E ratio of 85.43, a P/E/G ratio of 0.47 and a beta of 1.34.

Insiders Place Their Bets

In other news, insider Joe Hudson sold 139,886 shares of the company'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 ($334,056.12). Corporate insiders own 0.35% of the company's stock.

About Ibstock

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.