Ibstock (LON:IBST) Shares Down 14.4% - Should You Sell?

Ibstock plc (LON:IBST - Get Free Report) shares fell 14.4% during trading on Wednesday . The stock traded as low as GBX 157.41 ($2.13) and last traded at GBX 165.41 ($2.24). 18,051,664 shares traded hands during mid-day 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).

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on IBST shares. Berenberg Bank restated a "hold" rating and set a GBX 200 ($2.71) price target on shares of Ibstock in a report on Wednesday, April 23rd. Deutsche Bank Aktiengesellschaft boosted their price objective on Ibstock from GBX 225 ($3.05) to GBX 240 ($3.25) and gave the stock a "buy" rating in a research report on Thursday, February 20th.

Ibstock Stock Down 0.1%

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

Insider Activity

In other Ibstock news, insider Joe Hudson sold 139,886 shares of the company's stock in a transaction on Wednesday, April 30th. The stock was sold at an average price of GBX 176 ($2.39), for a total value of £246,199.36 ($333,739.14). Corporate insiders own 0.35% of the company's stock.

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.