Ibstock (LON:IBST) Stock Passes Below 50-Day Moving Average – What’s Next?

Ibstock plc (LON:IBST)’s stock price crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 134.34 and traded as low as GBX 127.20. Ibstock shares last traded at GBX 128.80, with a volume of 1,937,052 shares.

Wall Street Analysts Forecast Growth

IBST has been the subject of several research analyst reports. Royal Bank Of Canada reduced their price objective on Ibstock from GBX 210 to GBX 170 and set an “outperform” rating for the company in a research note on Wednesday, October 15th. Jefferies Financial Group cut their price objective on Ibstock from GBX 188 to GBX 143 and set a “buy” rating for the company in a research note on Monday, October 20th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Ibstock from GBX 210 to GBX 190 and set a “buy” rating for the company in a report on Friday, October 10th. Finally, Berenberg Bank lowered their price target on shares of Ibstock from GBX 170 to GBX 150 and set a “hold” rating on the stock in a research report on Wednesday, October 15th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of GBX 163.25.

Ibstock Stock Down 1.7%

The firm’s fifty day simple moving average is GBX 134.34 and its two-hundred day simple moving average is GBX 153.33. The company has a current ratio of 1.37, a quick ratio of 1.19 and a debt-to-equity ratio of 46.91. The company has a market capitalization of £508.35 million, a price-to-earnings ratio of 42.93, a price-to-earnings-growth ratio of 0.47 and a beta of 1.34.

Ibstock (LON:IBST) last issued its quarterly earnings data on Wednesday, August 6th. The company reported GBX 3 earnings per share for the quarter. Ibstock had a return on equity of 1.83% and a net margin of 2.01%. Sell-side 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.