Ibstock plc (LON:IBST - Get Free Report) shares traded down 12.8% on Wednesday . The stock traded as low as GBX 157.41 ($2.13) and last traded at GBX 168.44 ($2.28). 16,811,322 shares were traded during mid-day 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 Analyst Weigh In
IBST has been the topic of several research analyst reports. Berenberg Bank reaffirmed a "hold" rating and set a GBX 200 ($2.71) price target on shares of Ibstock in a research report on Wednesday, April 23rd. Deutsche Bank Aktiengesellschaft increased their target price on Ibstock from GBX 225 ($3.05) to GBX 240 ($3.25) and gave the stock a "buy" rating in a report on Thursday, February 20th.
Read Our Latest Report on IBST
Ibstock Stock Down 0.1%
The stock's fifty day simple moving average is GBX 182.19 and its two-hundred day simple moving average is GBX 175.82. 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 company has a market capitalization of £641.45 million, a price-to-earnings ratio of 88.14, a PEG ratio of 0.47 and a beta of 1.34.
Insiders Place Their Bets
In other Ibstock news, insider Joe Hudson sold 139,886 shares of the firm's stock in a transaction on Wednesday, April 30th. The stock was sold at an average price of GBX 176 ($2.39), for a total value of £246,199.36 ($333,739.14). 0.35% of the stock is currently owned by corporate insiders.
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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