Ibstock (LON:IBST) Stock Price Passes Below Fifty Day Moving Average - What's Next?

Key Points

• Ibstock plc stock price has dropped below its 50 day moving average, with recent trading low at GBX 135 and last traded at GBX 136.20.
• Wall Street analysts have recently adjusted their target prices for Ibstock, with Deutsche Bank reducing it to GBX 210 and Berenberg Bank to GBX 170, while maintaining a "buy" and "hold" rating, respectively.
• The company reported earnings of GBX 3 per share for the last quarter, and analysts expect an earnings per share of approximately 11.01 for the current year.

Ibstock plc (LON:IBST - Get Free Report)'s stock price passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 143.05 ($1.93) and traded as low as GBX 135 ($1.82). Ibstock shares last traded at GBX 136.20 ($1.84), with a volume of 2,134,541 shares traded.

Analysts Set New Price Targets

Several research analysts have weighed in on IBST shares. Deutsche Bank Aktiengesellschaft lowered their target price on Ibstock from GBX 220 to GBX 210 and set a "buy" rating on the stock in a research note on Thursday, August 7th. Berenberg Bank lowered their target price on Ibstock from GBX 200 to GBX 170 and set a "hold" rating on the stock in a research note on Monday, September 8th. Finally, Jefferies Financial Group lowered their target price on Ibstock from GBX 190 to GBX 188 and set a "buy" rating on the stock in a research note on Friday, August 8th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of GBX 189.33.

Ibstock Stock Performance

The company has a debt-to-equity ratio of 46.91, a current ratio of 1.37 and a quick ratio of 1.19. The stock has a market capitalization of £547.79 million, a PE ratio of 4,626.67, a P/E/G ratio of 0.47 and a beta of 1.34. The stock has a 50 day moving average of GBX 142.70 and a two-hundred day moving average of GBX 161.85.

Ibstock (LON:IBST - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The company reported GBX 3 earnings per share for the quarter. Ibstock had a return on equity of 1.83% and a net margin of 2.01%. Research analysts expect that Ibstock plc will post 11.0089552 EPS for the current fiscal year.

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.