Ibstock plc (LON:IBST - Get Free Report)'s stock price fell 15% during trading on Wednesday . The stock traded as low as GBX 157.41 ($2.14) and last traded at GBX 164.17 ($2.23). 13,207,828 shares changed hands during mid-day trading, an increase of 485% from the average session volume of 2,256,392 shares. The stock had previously closed at GBX 193.20 ($2.62).
Analyst Upgrades and Downgrades
A number of equities analysts have recently commented on IBST shares. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Ibstock from GBX 225 ($3.05) to GBX 240 ($3.26) and gave the stock a "buy" rating in a report on Thursday, February 20th. Berenberg Bank reiterated a "hold" rating and set a GBX 200 ($2.72) price target on shares of Ibstock in a report on Wednesday, April 23rd.
Check Out Our Latest Research Report on Ibstock
Ibstock Trading Down 3.1%
The firm has a market cap 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 current ratio of 1.37 and a quick ratio of 1.19. The firm's fifty day moving average is GBX 182.26 and its 200-day moving average is GBX 175.37.
Insider Activity at Ibstock
In other news, insider Joe Hudson sold 139,886 shares of the company's stock in a transaction dated Wednesday, April 30th. The shares were sold at an average price of GBX 176 ($2.39), for a total transaction of £246,199.36 ($334,282.91). 0.35% of the stock is owned by company 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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