Ibstock (LON:IBST) Hits New 52-Week Low - What's Next?

Key Points

• Ibstock shares hit a new 52-week low, falling to GBX 74.95 before closing near GBX 76.53, below both their 50-day and 200-day moving averages.
• Analyst sentiment is mixed but leans cautious: two analysts rate the stock “Buy” and three rate it “Hold,” resulting in a consensus “Hold” rating and a GBX 113 target price.
• The company reported GBX 0.70 earnings per share for the latest quarter, while profitability remained weak with a negative net margin of 6.67% and negative return on equity of 6.19%.

Ibstock plc (LON:IBST - Get Free Report) shares hit a new 52-week low on Tuesday . The stock traded as low as GBX 74.95 and last traded at GBX 76.53, with a volume of 38424207 shares changing hands. The stock had previously closed at GBX 76.20.

Analyst Ratings Changes

IBST has been the subject of several recent analyst reports. Peel Hunt reaffirmed a "buy" rating and set a GBX 125 price objective on shares of Ibstock in a research note on Wednesday, August 5th. Berenberg Bank dropped their price objective on Ibstock from GBX 135 to GBX 120 and set a "hold" rating for the company in a report on Friday, May 22nd. Royal Bank Of Canada reduced their target price on Ibstock from GBX 160 to GBX 130 and set an "outperform" rating on the stock in a research note on Thursday, July 30th. Jefferies Financial Group dropped their price target on Ibstock from GBX 115 to GBX 90 and set a "hold" rating for the company in a research note on Monday, August 10th. Finally, Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a GBX 100 price target on shares of Ibstock in a report on Thursday, August 6th. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, Ibstock presently has a consensus rating of "Hold" and a consensus target price of GBX 113.

Ibstock Stock Up 0.4%

The company's 50 day simple moving average is GBX 89.51 and its 200-day simple moving average is GBX 97.89. The company has a current ratio of 1.28, a quick ratio of 1.19 and a debt-to-equity ratio of 54.38. The firm has a market cap of £302.31 million, a P/E ratio of -13.43, a PEG ratio of 0.47 and a beta of 0.85.

Ibstock (LON:IBST - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The company reported GBX 0.70 earnings per share for the quarter. Ibstock had a negative net margin of 6.67% and a negative return on equity of 6.19%. Research analysts forecast that Ibstock plc will post 11.0089552 earnings per share for the current fiscal year.

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.

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