Ibstock plc (LON:IBST - Get Free Report)'s stock price fell 15.6% on Thursday . The company traded as low as GBX 157.41 ($2.13) and last traded at GBX 163 ($2.21). 11,275,572 shares changed hands 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).
Analyst Upgrades and Downgrades
A number of brokerages recently weighed in on IBST. Deutsche Bank Aktiengesellschaft increased their price target on shares of Ibstock from GBX 225 ($3.05) to GBX 240 ($3.25) and gave the company a "buy" rating in a research report on Thursday, February 20th. Berenberg Bank reiterated a "hold" rating and issued a GBX 200 ($2.71) price target on shares of Ibstock in a research report on Wednesday, April 23rd.
Check Out Our Latest Analysis on Ibstock
Ibstock Trading Down 3.1%
The company has a debt-to-equity ratio of 46.91, a quick ratio of 1.19 and a current ratio of 1.37. The firm has a 50 day simple moving average of GBX 182.26 and a two-hundred day simple moving average of GBX 175.28. The firm has a market capitalization of £621.75 million, a P/E ratio of 85.43, a PEG ratio of 0.47 and a beta of 1.34.
Insiders Place Their Bets
In other Ibstock news, insider Joe Hudson sold 139,886 shares of the business's stock in a transaction that occurred on Wednesday, April 30th. The stock was sold at an average price of GBX 176 ($2.38), for a total value of £246,199.36 ($333,558.27). 0.35% of the stock is owned by corporate 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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