Ibstock (LON:IBST) Reaches New 12-Month Low - Should You Sell?

Key Points

• Ibstock shares fell to a new 52-week low of GBX 78.35, below both their 50-day average of GBX 90.84 and 200-day average of GBX 99.42.
• Analyst sentiment is mixed but leans toward caution: the consensus rating is “Hold” with a GBX 113 target price, while individual targets range from GBX 90 to GBX 130.
• The company reported quarterly EPS of GBX 0.70 but continues to show weak profitability, including a negative 6.19% return on equity and a negative 6.67% net margin.

Ibstock plc (LON:IBST - Get Free Report) reached a new 52-week low on Wednesday . The company traded as low as GBX 78.35 and last traded at GBX 78.45, with a volume of 1565140 shares trading hands. The stock had previously closed at GBX 80.35.

Analysts Set New Price Targets

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

Ibstock Price Performance

The stock has a market cap of £309.89 million, a PE ratio of -13.76, a price-to-earnings-growth ratio of 0.47 and a beta of 0.85. The stock's fifty day moving average is GBX 90.84 and its 200-day moving average is GBX 99.42. The company has a debt-to-equity ratio of 54.38, a current ratio of 1.28 and a quick ratio of 1.19.

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