Ibstock plc (LON:IBST) Insider Richard Akers Purchases 100,000 Shares

Ibstock plc (LON:IBST - Get Free Report) insider Richard Akers purchased 100,000 shares of the firm's stock in a transaction that occurred on Thursday, June 19th. The shares were acquired at an average cost of GBX 155 ($2.08) per share, with a total value of £155,000 ($208,081.62).

Ibstock Stock Performance

Shares of LON IBST traded down GBX 2 ($0.03) during midday trading on Monday, reaching GBX 149.40 ($2.01). The company had a trading volume of 1,109,023 shares, compared to its average volume of 2,218,988. Ibstock plc has a 1 year low of GBX 148.80 ($2.00) and a 1 year high of GBX 212 ($2.85). The business's 50-day simple moving average is GBX 181.38 and its 200 day simple moving average is GBX 174.11. The company has a current ratio of 1.37, a quick ratio of 1.19 and a debt-to-equity ratio of 46.91. The stock has a market cap of £588.65 million, a P/E ratio of 80.89, a P/E/G ratio of 0.47 and a beta of 1.34.

Analysts Set New Price Targets

Separately, Berenberg Bank reiterated a "hold" rating and issued a GBX 200 ($2.68) target price on shares of Ibstock in a report on Monday, June 16th.

About Ibstock

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.