Ibstock plc (LON:IBST - Get Free Report) fell 14.4% during trading on Wednesday . The stock traded as low as GBX 157.41 ($2.14) and last traded at GBX 165.41 ($2.25). 18,051,664 shares were traded during trading, an increase of 685% from the average session volume of 2,300,031 shares. The stock had previously closed at GBX 193.20 ($2.62).
Analysts Set New Price Targets
Several brokerages have commented on IBST. Berenberg Bank restated a "hold" rating and set a GBX 200 ($2.72) price objective on shares of Ibstock in a research note on Wednesday, April 23rd. Deutsche Bank Aktiengesellschaft lifted their price objective 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.
View Our Latest Report on Ibstock
Ibstock Stock Performance
The company has a market cap of £621.75 million, a PE ratio of 85.43, a price-to-earnings-growth ratio of 0.47 and a beta of 1.34. The firm's fifty day moving average is GBX 182.26 and its 200 day moving average is GBX 175.37. The company has a current ratio of 1.37, a quick ratio of 1.19 and a debt-to-equity ratio of 46.91.
Insiders Place Their Bets
In other Ibstock 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). 0.35% of the stock is currently owned by corporate 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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