Ibstock plc (LON:IBST - Get Free Report) passed below its fifty day moving average during trading on Friday . The stock has a fifty 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. 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. Deutsche Bank Aktiengesellschaft cut their price target on Ibstock from GBX 220 to GBX 210 and set a "buy" rating for the company in a report on Thursday, August 7th. Finally, Berenberg Bank lowered their price target on Ibstock from GBX 200 to GBX 170 and set a "hold" rating for the company in a research report on Monday, September 8th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of GBX 189.33.
Get Our Latest Report on Ibstock
Ibstock Stock Down 1.3%
The business has a 50 day simple moving average of GBX 143.05 and a 200 day simple moving average of GBX 162.11. 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 cap of £537.53 million, a PE ratio of 4,540.00, a P/E/G ratio of 0.47 and a beta of 1.34.
Ibstock (LON:IBST - Get Free Report) last announced 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%. On average, equities research analysts forecast that Ibstock plc will post 11.0089552 EPS for the current fiscal year.
About Ibstock
(
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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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