Ibstock (LON:IBST) Reaches New 1-Year Low – Should You Sell?

Shares of Ibstock plc (LON:IBST) reached a new 52-week low on Wednesday . The company traded as low as GBX 87.65 and last traded at GBX 88.25, with a volume of 98295367 shares changing hands. The stock had previously closed at GBX 93.05.

Wall Street Analyst Weigh In

A number of equities analysts have commented on IBST shares. Berenberg Bank dropped their price objective on shares of Ibstock from GBX 135 to GBX 120 and set a “hold” rating for the company in a research note on Friday, May 22nd. Jefferies Financial Group lowered their price target on shares of Ibstock from GBX 133 to GBX 127 and set a “buy” rating for the company in a report on Monday, April 20th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on Ibstock from GBX 144 to GBX 110 and set a “hold” rating for the company in a research report on Tuesday, March 24th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of GBX 131.75.

Ibstock Stock Up 2.4%

The company has a quick ratio of 1.19, a current ratio of 1.33 and a debt-to-equity ratio of 44.59. The stock has a market cap of £361.64 million, a P/E ratio of 114.44, a P/E/G ratio of 0.47 and a beta of 0.86. The company’s 50 day moving average price is GBX 96.23 and its two-hundred day moving average price is GBX 112.82.

Insider Activity

In other Ibstock news, insider Joe Hudson sold 15,632 shares of the firm’s stock in a transaction dated Monday, April 20th. The stock was sold at an average price of GBX 107, for a total value of £16,726.24. Also, insider Martin Payne acquired 20,000 shares of the business’s stock in a transaction dated Friday, April 17th. The shares were bought at an average price of GBX 108 per share, for a total transaction of £21,600. 2.26% of the stock is owned by insiders.

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.