Ibstock plc (LON:IBST - Get Free Report)'s share price fell 12.8% during trading on Wednesday . The stock traded as low as GBX 157.41 ($2.14) and last traded at GBX 168.44 ($2.29). 16,811,322 shares traded hands during trading, an increase of 634% from the average session volume of 2,288,856 shares. The stock had previously closed at GBX 193.20 ($2.62).
Wall Street Analysts Forecast Growth
IBST has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft boosted their target price 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. Berenberg Bank reissued a "hold" rating and issued a GBX 200 ($2.72) price target on shares of Ibstock in a report on Wednesday, April 23rd.
Get Our Latest Analysis on Ibstock
Ibstock Stock Performance
The company's fifty day simple moving average is GBX 182.26 and its two-hundred day simple moving average is GBX 175.37. The company has a market capitalization of £621.75 million, a price-to-earnings ratio of 85.43, a price-to-earnings-growth ratio of 0.47 and a beta of 1.34. The company has a debt-to-equity ratio of 46.91, a quick ratio of 1.19 and a current ratio of 1.37.
Insider Transactions at Ibstock
In related news, insider Joe Hudson sold 139,886 shares of the company's stock in a transaction that occurred on Wednesday, April 30th. The stock was sold at an average price of GBX 176 ($2.39), for a total transaction of £246,199.36 ($334,282.91). Corporate insiders own 0.35% of the company's stock.
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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