Ibstock (LON:IBST) Stock Price Down 15.6% - Should You Sell?

Shares of Ibstock plc (LON:IBST - Get Free Report) dropped 15.6% on Wednesday . The stock traded as low as GBX 157.41 ($2.14) and last traded at GBX 163 ($2.21). Approximately 11,275,572 shares changed 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 ($2.62).

Wall Street Analysts Forecast Growth

IBST has been the subject of several research reports. Berenberg Bank reaffirmed a "hold" rating and issued a GBX 200 ($2.72) target price on shares of Ibstock in a research note on Wednesday, April 23rd. Deutsche Bank Aktiengesellschaft upped their target price on Ibstock from GBX 225 ($3.05) to GBX 240 ($3.26) and gave the stock a "buy" rating in a research note on Thursday, February 20th.

Ibstock Stock Performance

The firm 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 company has a 50 day simple moving average of GBX 182.26 and a 200-day simple moving average 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 other news, insider Joe Hudson sold 139,886 shares of the 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

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.