Ibstock (LON:IBST) Share Price Crosses Below 50 Day Moving Average - Here's Why

Key Points

• Ibstock shares fell below their 50-day moving average, trading as low as GBX 74.50 versus the GBX 87.69 average, and last changing hands at GBX 75.60.
• Analyst sentiment is mixed but leans cautious: two analysts rate the stock Buy and three rate it Hold, producing an overall “Hold” consensus and a GBX 113 average price target. Recent targets range from GBX 90 to GBX 130.
• The company reported quarterly EPS of GBX 0.70, while profitability remained weak with a negative 6.19% return on equity and a negative 6.67% net margin.

Shares of Ibstock plc (LON:IBST - Get Free Report) crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 87.69 and traded as low as GBX 74.50. Ibstock shares last traded at GBX 75.60, with a volume of 771,658 shares traded.

Wall Street Analysts Forecast Growth

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

Ibstock Price Performance

The company has a debt-to-equity ratio of 54.38, a quick ratio of 1.19 and a current ratio of 1.28. The company has a fifty day moving average price of GBX 87.69 and a two-hundred day moving average price of GBX 95.69. The company has a market cap of £302.78 million, a P/E ratio of -13.45, a PEG ratio of 0.47 and a beta of 0.84.

Ibstock (LON:IBST - Get Free Report) last released 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%. On average, sell-side analysts anticipate that Ibstock plc will post 11.0089552 earnings per share 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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