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

Ibstock plc (LON:IBST - Get Free Report)'s share price traded down 15.6% during trading on Wednesday . The stock traded as low as GBX 157.41 ($2.13) and last traded at GBX 163 ($2.21). 11,275,572 shares traded hands during trading, an increase of 404% from the average session volume of 2,238,985 shares. The stock had previously closed at GBX 193.20 ($2.62).

Analyst Ratings Changes

Several equities analysts have commented on the stock. Deutsche Bank Aktiengesellschaft raised their target price on shares of Ibstock from GBX 225 ($3.05) to GBX 240 ($3.25) and gave the company a "buy" rating in a research note on Thursday, February 20th. Berenberg Bank reaffirmed a "hold" rating and issued a GBX 200 ($2.71) price objective on shares of Ibstock in a research note on Wednesday, April 23rd.

Ibstock Stock Performance

The firm's fifty day simple moving average is GBX 182.26 and its 200 day simple moving average is GBX 175.28. The company has a market capitalization of £621.75 million, a price-to-earnings ratio of 85.43, a PEG ratio of 0.47 and a beta of 1.34. The company has a debt-to-equity ratio of 46.91, a current ratio of 1.37 and a quick ratio of 1.19.

Insiders Place Their Bets

In related news, insider Joe Hudson sold 139,886 shares of the firm's stock in a transaction that occurred on Wednesday, April 30th. The shares were sold at an average price of GBX 176 ($2.38), for a total transaction of £246,199.36 ($333,558.27). Corporate insiders own 0.35% of the company's stock.

Ibstock Company Profile

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.