Ibstock (LON:IBST) Trading Down 14.3% - What's Next?

Ibstock plc (LON:IBST - Get Free Report) was down 14.3% during trading on Wednesday . The company traded as low as GBX 157.41 ($2.14) and last traded at GBX 165.50 ($2.25). Approximately 19,158,869 shares traded hands during trading, an increase of 729% from the average daily volume of 2,310,005 shares. The stock had previously closed at GBX 193.20 ($2.63).

Analysts Set New Price Targets

IBST has been the topic of several research reports. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Ibstock from GBX 225 ($3.06) to GBX 240 ($3.27) and gave the stock a "buy" rating in a research note on Thursday, February 20th. Berenberg Bank reaffirmed a "hold" rating and issued a GBX 200 ($2.72) price target on shares of Ibstock in a research note on Wednesday, April 23rd.

Ibstock Trading Down 0.1%

The company has a current ratio of 1.37, a quick ratio of 1.19 and a debt-to-equity ratio of 46.91. The firm has a market cap of £641.45 million, a PE ratio of 88.14, a PEG ratio of 0.47 and a beta of 1.34. The firm has a fifty day simple moving average of GBX 182.19 and a two-hundred day simple moving average of GBX 175.82.

Insider Buying and Selling at Ibstock

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 ($2.40), for a total transaction of £246,199.36 ($335,193.14). Insiders own 0.35% of the company's stock.

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.