Shares of Ibstock plc (LON:IBST - Get Free Report) dropped 15.6% during trading on Wednesday . The stock traded as low as GBX 157.41 ($2.13) and last traded at GBX 163 ($2.21). Approximately 11,275,572 shares were traded during mid-day trading, an increase of 404% from the average daily volume of 2,238,985 shares. The stock had previously closed at GBX 193.20 ($2.62).
Wall Street Analyst Weigh In
A number of brokerages recently weighed in on IBST. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Ibstock from GBX 225 ($3.05) to GBX 240 ($3.25) and gave the company a "buy" rating in a report on Thursday, February 20th. Berenberg Bank reissued a "hold" rating and issued a GBX 200 ($2.71) price objective on shares of Ibstock in a research note on Wednesday, April 23rd.
Get Our Latest Research Report on Ibstock
Ibstock Trading Down 0.1%
The company's fifty day simple moving average is GBX 182.19 and its 200-day simple moving average is GBX 175.82. The company 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 company has a debt-to-equity ratio of 46.91, a quick ratio of 1.19 and a current ratio of 1.37.
Insiders Place Their Bets
In other news, insider Joe Hudson sold 139,886 shares of the firm'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 value of £246,199.36 ($333,739.14). 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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