Ibstock plc (LON:IBST - Get Free Report) shares dropped 14.3% during trading on Wednesday . The stock traded as low as GBX 157.41 ($2.14) and last traded at GBX 165.50 ($2.25). Approximately 19,158,869 shares were traded during mid-day trading, an increase of 729% from the average daily volume of 2,310,005 shares. The stock had previously closed at GBX 193.20 ($2.62).
Analyst Ratings Changes
IBST has been the subject of several research analyst reports. Berenberg Bank reaffirmed a "hold" rating and issued a GBX 200 ($2.72) price objective on shares of Ibstock in a report on Wednesday, April 23rd. Deutsche Bank Aktiengesellschaft boosted their price target on Ibstock from GBX 225 ($3.05) to GBX 240 ($3.26) and gave the company a "buy" rating in a report on Thursday, February 20th.
Check Out Our Latest Analysis on IBST
Ibstock Stock Down 3.1%
The company has a 50-day moving average price of GBX 182.26 and a 200 day moving average price of GBX 175.37. The firm has a market capitalization of £621.75 million, a PE ratio of 85.43, a P/E/G ratio of 0.47 and a beta of 1.34. The company has a debt-to-equity ratio of 46.91, a current ratio of 1.37 and a quick ratio of 1.19.
Insider Activity
In related news, insider Joe Hudson sold 139,886 shares of the business's stock in a transaction dated Wednesday, April 30th. The stock was sold at an average price of GBX 176 ($2.39), for a total value of £246,199.36 ($334,282.91). Company 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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