Ibstock plc (LON:IBST - Get Free Report) dropped 15.6% during trading on Wednesday . The stock traded as low as GBX 157.41 ($2.14) and last traded at GBX 163 ($2.22). Approximately 11,275,572 shares traded hands during mid-day trading, an increase of 404% from the average daily volume of 2,238,985 shares. The stock had previously closed at GBX 193.20 ($2.63).
Analyst Ratings Changes
Several equities analysts recently issued reports on IBST shares. Berenberg Bank reiterated a "hold" rating and set a GBX 200 ($2.72) price target on shares of Ibstock in a research report on Wednesday, April 23rd. Deutsche Bank Aktiengesellschaft increased their price target on shares of Ibstock from GBX 225 ($3.06) to GBX 240 ($3.27) and gave the company a "buy" rating in a report on Thursday, February 20th.
Read Our Latest Stock Analysis on Ibstock
Ibstock Stock Performance
The company has a market cap of £641.45 million, a PE ratio of 88.14, a PEG ratio of 0.47 and a beta of 1.34. The company has a debt-to-equity ratio of 46.91, a current ratio of 1.37 and a quick ratio of 1.19. The business has a 50-day moving average of GBX 182.36 and a 200 day moving average of GBX 175.64.
Insiders Place Their Bets
In related news, insider Joe Hudson sold 139,886 shares of the firm's stock in a transaction on Wednesday, April 30th. The shares were sold at an average price of GBX 176 ($2.40), for a total transaction of £246,199.36 ($335,193.14). 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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