Shares of Ibstock plc (LON:IBST - Get Free Report) traded down 15.6% during trading 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 changed hands during 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).
Analyst Upgrades and Downgrades
A number of equities analysts recently commented on the company. Berenberg Bank reaffirmed a "hold" rating and issued a GBX 200 ($2.72) target price on shares of Ibstock in a report on Wednesday, April 23rd. Deutsche Bank Aktiengesellschaft upped their price target 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.
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Ibstock Stock Performance
The firm has a 50 day moving average of GBX 182.26 and a 200-day moving average of GBX 175.37. The company has a market cap of £621.75 million, a P/E ratio of 85.43, a PEG ratio of 0.47 and a beta of 1.34. The company has a quick ratio of 1.19, a current ratio of 1.37 and a debt-to-equity ratio of 46.91.
Insider Activity at Ibstock
In related news, insider Joe Hudson sold 139,886 shares of Ibstock stock in a transaction that occurred on Wednesday, April 30th. The shares were sold at an average price of GBX 176 ($2.39), for a total value of £246,199.36 ($334,282.91). 0.35% of the stock is owned by corporate insiders.
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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