Ibstock (LON:IBST) Shares Down 15.6% - Time to Sell?

Ibstock plc (LON:IBST - Get Free Report)'s stock price dropped 15.6% during mid-day trading on Thursday . 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 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).

Wall Street Analyst Weigh In

Several equities research 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 report on Wednesday, April 23rd. Deutsche Bank Aktiengesellschaft upped their target price on shares of Ibstock from GBX 225 ($3.06) to GBX 240 ($3.27) and gave the stock a "buy" rating in a research note on Thursday, February 20th.

Ibstock Stock Down 0.1%

The stock has a 50-day moving average of GBX 182.36 and a 200 day moving average of GBX 175.64. The company has a market capitalization of £641.45 million, a PE ratio of 88.14, a P/E/G 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 Buying and Selling

In related news, insider Joe Hudson sold 139,886 shares of the firm's stock in a transaction dated 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). 0.35% of the stock is owned by insiders.

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.