Ibstock (LON:IBST) Stock Crosses Below Fifty Day Moving Average - Should You Sell?

Key Points

• Ibstock plc's stock price has fallen below its 50-day moving average of GBX 159.38, trading at GBX 147.40 as of Tuesday.
• Berenberg Bank has issued a "hold" rating and set a price target of GBX 200 for Ibstock shares.
• Insider Richard Akers purchased 100,000 shares at an average price of GBX 155, indicating potential confidence in the company.

Ibstock plc (LON:IBST - Get Free Report)'s stock price passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 159.38 ($2.12) and traded as low as GBX 147.40 ($1.96). Ibstock shares last traded at GBX 147.40 ($1.96), with a volume of 609,797 shares trading hands.

Analysts Set New Price Targets

Separately, Berenberg Bank reissued a "hold" rating and set a GBX 200 ($2.66) target price on shares of Ibstock in a research report on Monday, June 16th.

Ibstock Trading Up 2.4%

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 firm has a market cap of £594.96 million, a price-to-earnings ratio of 81.75, a price-to-earnings-growth ratio of 0.47 and a beta of 1.34. The business's fifty day moving average is GBX 159.38 and its two-hundred day moving average is GBX 168.14.

Insider Buying and Selling

In other Ibstock news, insider Richard Akers bought 100,000 shares of the stock in a transaction on Thursday, June 19th. The stock was purchased at an average price of GBX 155 ($2.06) per share, with a total value of £155,000 ($206,089.62). 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.

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