Ibstock plc (LON:IBST - Get Free Report)'s stock price was down 15.6% on Wednesday . The company traded as low as GBX 157.41 ($2.14) and last traded at GBX 163 ($2.21). Approximately 11,275,572 shares changed hands during 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).
Analyst Upgrades and Downgrades
A number of equities analysts have weighed in on IBST shares. Berenberg Bank restated a "hold" rating and set a GBX 200 ($2.72) price objective on shares of Ibstock in a research report on Wednesday, April 23rd. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Ibstock from GBX 225 ($3.05) to GBX 240 ($3.26) and gave the stock a "buy" rating in a research report on Thursday, February 20th.
View Our Latest Stock Analysis on IBST
Ibstock Price Performance
The stock's 50-day moving average price is GBX 182.26 and its 200 day moving average price is GBX 175.37. The firm 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 quick ratio of 1.19, a current ratio of 1.37 and a debt-to-equity ratio of 46.91.
Insider Activity
In related news, insider Joe Hudson sold 139,886 shares of the firm's stock in a transaction dated Wednesday, April 30th. The shares were sold at an average price of GBX 176 ($2.39), for a total transaction of £246,199.36 ($334,282.91). Company 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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