Ibstock (LON:IBST) Stock Price Down 15.6% - Time to Sell?

Ibstock plc (LON:IBST - Get Free Report)'s share price fell 15.6% on Thursday . The stock traded as low as GBX 157.41 ($2.13) and last traded at GBX 163 ($2.21). 11,275,572 shares traded hands during mid-day trading, an increase of 404% from the average session volume of 2,238,985 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. Deutsche Bank Aktiengesellschaft raised their price target on Ibstock from GBX 225 ($3.05) to GBX 240 ($3.25) and gave the stock a "buy" rating in a research report on Thursday, February 20th. Berenberg Bank reiterated a "hold" rating and issued a GBX 200 ($2.71) price objective on shares of Ibstock in a research note on Wednesday, April 23rd.

Ibstock Trading Down 3.1%

The firm has a market capitalization of £621.75 million, a price-to-earnings 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 quick ratio of 1.19 and a current ratio of 1.37. The business has a fifty day moving average price of GBX 182.26 and a 200 day moving average price of GBX 175.28.

Insiders Place Their Bets

In related news, insider Joe Hudson sold 139,886 shares of the business's stock in a transaction that occurred on Wednesday, April 30th. The stock was sold at an average price of GBX 176 ($2.38), for a total value of £246,199.36 ($333,558.27). 0.35% of the stock is owned by corporate insiders.

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.