Ibstock (LON:IBST) Shares Down 15.6% - Here's What Happened

Ibstock plc (LON:IBST - Get Free Report) fell 15.6% during trading on Wednesday . The company traded as low as GBX 157.41 ($2.14) and last traded at GBX 163 ($2.21). 11,275,572 shares traded 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 ($2.62).

Analyst Upgrades and Downgrades

Several equities analysts recently commented on IBST shares. Deutsche Bank Aktiengesellschaft upped 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 research report on Thursday, February 20th. Berenberg Bank reaffirmed a "hold" rating and set a GBX 200 ($2.72) price target on shares of Ibstock in a research report on Wednesday, April 23rd.

Ibstock Trading Down 3.1%

The business has a fifty day moving average price of GBX 182.26 and a 200 day moving average price of GBX 175.37. The company 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 quick ratio of 1.19 and a current ratio of 1.37.

Insider Activity

In other news, insider Joe Hudson sold 139,886 shares of the firm's stock in a transaction on Wednesday, April 30th. The shares were sold at an average price of GBX 176 ($2.39), for a total value of £246,199.36 ($334,282.91). Insiders own 0.35% of the company's stock.

About Ibstock

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.