Shares of Ibstock plc (LON:IBST - Get Free Report) traded down 12.8% during trading on Wednesday . The stock traded as low as GBX 157.41 ($2.14) and last traded at GBX 168.40 ($2.29). 17,523,068 shares changed hands during mid-day trading, an increase of 663% from the average session volume of 2,295,268 shares. The stock had previously closed at GBX 193.20 ($2.62).
Wall Street Analyst Weigh In
Several analysts have commented on the stock. Berenberg Bank reaffirmed a "hold" rating and issued a GBX 200 ($2.72) target price on shares of Ibstock in a research note on Wednesday, April 23rd. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Ibstock from GBX 225 ($3.05) to GBX 240 ($3.26) and gave the stock a "buy" rating in a research note on Thursday, February 20th.
Read Our Latest Stock Report on IBST
Ibstock Price Performance
The company's 50 day moving average price is GBX 182.26 and its 200-day moving average price is GBX 175.37. The company has a market capitalization of £621.75 million, a PE ratio of 85.43, a PEG ratio of 0.47 and a beta of 1.34. The company has a current ratio of 1.37, a quick ratio of 1.19 and a debt-to-equity ratio of 46.91.
Insider Activity at Ibstock
In related news, insider Joe Hudson sold 139,886 shares of Ibstock stock in a transaction on 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). Company insiders own 0.35% of the company's stock.
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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