Ibstock plc (LON:IBST - Get Free Report)'s share price fell 15.6% during trading on Thursday . The stock traded as low as GBX 157.41 ($2.14) and last traded at GBX 163 ($2.22). 11,275,572 shares changed hands during trading, an increase of 404% from the average session volume of 2,238,985 shares. The stock had previously closed at GBX 193.20 ($2.63).
Wall Street Analysts Forecast Growth
A number of research firms recently weighed in on IBST. Deutsche Bank Aktiengesellschaft boosted their target price on Ibstock from GBX 225 ($3.06) to GBX 240 ($3.27) and gave the stock a "buy" rating in a research report on Thursday, February 20th. Berenberg Bank reissued a "hold" rating and set a GBX 200 ($2.72) price target on shares of Ibstock in a research note on Wednesday, April 23rd.
Get Our Latest Report on IBST
Ibstock Stock Down 0.1%
The stock has a market capitalization of £641.45 million, a P/E ratio of 88.14, a PEG ratio of 0.47 and a beta of 1.34. The stock has a 50 day moving average price of GBX 182.36 and a 200-day moving average price of GBX 175.64. 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 Buying and Selling at Ibstock
In related news, insider Joe Hudson sold 139,886 shares of the company's stock in a transaction that occurred 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). Corporate insiders own 0.35% of the company's stock.
Ibstock Company Profile
(
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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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