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

Ibstock plc (LON:IBST - Get Free Report)'s stock price traded down 15.6% during mid-day trading on Wednesday . 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 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 ($2.63).

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft upped their price objective on Ibstock from GBX 225 ($3.06) to GBX 240 ($3.27) and gave the company a "buy" rating in a research note on Thursday, February 20th. Berenberg Bank restated a "hold" rating and issued a GBX 200 ($2.72) price objective on shares of Ibstock in a research note on Wednesday, April 23rd.

Ibstock Stock Down 0.1%

The stock has a market cap of £641.45 million, a P/E ratio of 88.14, a price-to-earnings-growth ratio of 0.47 and a beta of 1.34. The company has a quick ratio of 1.19, a current ratio of 1.37 and a debt-to-equity ratio of 46.91. The firm has a 50 day simple moving average of GBX 182.19 and a 200-day simple moving average of GBX 175.82.

Insider Transactions 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). 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.