Ibstock (LON:IBST) Reaches New 1-Year Low - What's Next?

Key Points

• Ibstock shares fell to a new 52-week low of GBX 73.15, last trading at GBX 73.70, down from the previous close of GBX 74.75.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average target price of GBX 113. Targets range from GBX 90 to GBX 130, while Peel Hunt maintains a “Buy” rating with a GBX 125 target.
• The company reported quarterly EPS of GBX 0.70 but continues to show financial weakness, including a negative net margin of 6.67% and negative return on equity of 6.19%.

Ibstock plc (LON:IBST - Get Free Report)'s share price hit a new 52-week low during trading on Thursday . The company traded as low as GBX 73.15 and last traded at GBX 73.70, with a volume of 17510338 shares changing hands. The stock had previously closed at GBX 74.75.

Wall Street Analysts Forecast Growth

IBST has been the topic of a number of recent research reports. Peel Hunt reiterated a "buy" rating and issued a GBX 125 target price on shares of Ibstock in a report on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a GBX 100 price objective on shares of Ibstock in a research note on Thursday, August 6th. Royal Bank Of Canada decreased their target price on shares of Ibstock from GBX 160 to GBX 130 and set an "outperform" rating for the company in a research report on Thursday, July 30th. Finally, Jefferies Financial Group lowered their target price on shares of Ibstock from GBX 115 to GBX 90 and set a "hold" rating on the stock in a report on Monday, August 10th. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, Ibstock has a consensus rating of "Hold" and a consensus target price of GBX 113.

Ibstock Stock Down 1.4%

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 stock has a market capitalization of £291.13 million, a PE ratio of -12.93, a P/E/G ratio of 0.47 and a beta of 0.84. The stock's fifty day simple moving average is GBX 87.25 and its 200-day simple moving average is GBX 95.41.

Ibstock (LON:IBST - Get Free Report) last released its quarterly earnings results 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%. As a group, sell-side analysts forecast that Ibstock plc will post 11.0089552 EPS for the current fiscal year.

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.

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