Ibstock (LON:IBST) Reaches New 52-Week Low - Here's What Happened

Key Points

• Ibstock shares hit a new 52-week low, falling to GBX 82.40 before last trading at GBX 84.35 on Thursday, with about 847,000 shares changing hands.
• Analyst sentiment remains mixed but cautious: two analysts rate the stock a Buy and three rate it a Hold, producing an overall “Hold” consensus and an average target price of GBX 113.
• Ibstock reported quarterly EPS of GBX 0.70, alongside a negative net margin of 6.67% and negative return on equity of 6.19%; its shares remain below both the 50-day and 200-day moving averages.

Ibstock plc (LON:IBST - Get Free Report)'s stock price hit a new 52-week low during trading on Thursday . The company traded as low as GBX 82.40 and last traded at GBX 84.35, with a volume of 846999 shares changing hands. The stock had previously closed at GBX 83.50.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Peel Hunt reissued a "buy" rating and issued a GBX 125 price objective on shares of Ibstock in a research report on Wednesday, August 5th. Royal Bank Of Canada reduced their price target 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. Berenberg Bank decreased their target price on shares of Ibstock from GBX 135 to GBX 120 and set a "hold" rating for the company in a research report on Friday, May 22nd. Jefferies Financial Group decreased their price objective on Ibstock from GBX 115 to GBX 90 and set a "hold" rating for the company in a report on Monday, August 10th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a GBX 100 target price on shares of Ibstock in a report on Thursday, August 6th. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of GBX 113.

Ibstock Stock Performance

The company has a debt-to-equity ratio of 54.38, a current ratio of 1.28 and a quick ratio of 1.19. The stock has a 50 day moving average of GBX 91.63 and a two-hundred day moving average of GBX 100.89. The stock has a market capitalization of £333.20 million, a PE ratio of 105.44, a P/E/G ratio of 0.47 and a beta of 0.85.

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source