Shares of Ibstock plc (LON:IBST - Get Free Report) traded down 15.6% on Wednesday . The company traded as low as GBX 157.41 ($2.14) and last traded at GBX 163 ($2.21). 11,275,572 shares were traded 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).
Analysts Set New Price Targets
A number of research analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft raised their price target on 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. Berenberg Bank restated a "hold" rating and issued a GBX 200 ($2.72) price target on shares of Ibstock in a research note on Wednesday, April 23rd.
Read Our Latest Stock Analysis on IBST
Ibstock Stock Performance
The company has a market capitalization of £621.75 million, a price-to-earnings ratio of 85.43, a PEG ratio of 0.47 and a beta of 1.34. The stock has a 50-day moving average price of GBX 182.26 and a 200-day moving average price of GBX 175.37. 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 related news, insider Joe Hudson sold 139,886 shares of Ibstock 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 transaction of £246,199.36 ($334,282.91). Insiders own 0.35% of the company's stock.
Ibstock Company Profile
(
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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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