Ibstock plc (LON:IBST - Get Free Report)'s stock price dropped 15.2% on Wednesday . The stock traded as low as GBX 157.41 ($2.13) and last traded at GBX 163.80 ($2.22). Approximately 18,859,225 shares changed hands during trading, an increase of 717% from the average daily volume of 2,307,306 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 the stock. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Ibstock from GBX 225 ($3.05) to GBX 240 ($3.25) and gave the company a "buy" rating in a research note on Thursday, February 20th. Berenberg Bank reissued a "hold" rating and set a GBX 200 ($2.71) price objective on shares of Ibstock in a research report on Wednesday, April 23rd.
View Our Latest Research Report on IBST
Ibstock Trading Down 0.1%
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 company has a 50-day moving average price of GBX 182.19 and a 200-day moving average price of GBX 175.82. The company has a market capitalization of £641.45 million, a price-to-earnings ratio of 88.14, a P/E/G ratio of 0.47 and a beta of 1.34.
Insider Activity
In other Ibstock news, insider Joe Hudson sold 139,886 shares of the firm's stock in a transaction that occurred 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). 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.
Further Reading
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