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Ibstock (LON:IBST) Trading Down 15.6% - Here's Why

Ibstock logo with Basic Materials background

Ibstock plc (LON:IBST - Get Free Report) fell 15.6% during trading on Wednesday . The stock traded as low as GBX 157.41 ($2.14) and last traded at GBX 163 ($2.21). Approximately 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).

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on IBST shares. Berenberg Bank reaffirmed a "hold" rating and issued a GBX 200 ($2.72) price target on shares of Ibstock in a research report on Wednesday, April 23rd. Deutsche Bank Aktiengesellschaft increased their target price on shares of Ibstock from GBX 225 ($3.05) to GBX 240 ($3.26) and gave the company a "buy" rating in a research note on Thursday, February 20th.

Get Our Latest Stock Report on Ibstock

Ibstock Stock Performance

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 stock's fifty day moving average is GBX 182.26 and its 200-day moving average is GBX 175.37. The stock has a market cap of £621.75 million, a price-to-earnings ratio of 85.43, a PEG ratio of 0.47 and a beta of 1.34.

Insider Activity at Ibstock

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 transaction of £246,199.36 ($334,282.91). 0.35% of the stock is owned by insiders.

Ibstock Company Profile

(Get Free Report)

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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