Ibstock (LON:IBST) Shares Pass Below 50-Day Moving Average - Here's What Happened

Key Points

• Ibstock shares fell below their 50-day moving average (50‑day MA GBX 133.58) on Wednesday, trading as low as GBX 120 and last at GBX 120.20 on volume of about 3.2 million shares (down ~4.6%).
• Analysts have trimmed targets—Berenberg cut to GBX 135 (hold) and Jefferies to GBX 145 (buy)—but the consensus remains a Moderate Buy with an average price target of GBX 160.
• Ibstock has a market capitalization of roughly £452m, a PE of 38.2, PEG 0.47 and a debt-to-equity ratio of 51.05, suggesting a relatively high valuation and moderate leverage.

Ibstock plc (LON:IBST - Get Free Report)'s stock price crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 133.58 and traded as low as GBX 120. Ibstock shares last traded at GBX 120.20, with a volume of 3,202,034 shares trading hands.

Analyst Ratings Changes

A number of research firms have commented on IBST. Berenberg Bank decreased their target price on shares of Ibstock from GBX 150 to GBX 135 and set a "hold" rating on the stock in a research note on Wednesday, January 21st. Jefferies Financial Group decreased their price objective on shares of Ibstock from GBX 165 to GBX 145 and set a "buy" rating on the stock in a research report on Monday, February 9th. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of GBX 160.

Ibstock Trading Down 4.6%

The company has a debt-to-equity ratio of 51.05, a quick ratio of 1.19 and a current ratio of 1.24. The company has a market capitalization of £452.38 million, a PE ratio of 38.20, a PEG ratio of 0.47 and a beta of 0.73. The stock has a fifty day moving average of GBX 133.58 and a 200 day moving average of GBX 134.15.

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.

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