Ibstock (LON:IBST) Stock Price Crosses Below 50-Day Moving Average – Time to Sell?

Ibstock plc (LON:IBSTGet Free Report) shares passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 133.58 and traded as low as GBX 120. Ibstock shares last traded at GBX 120.20, with a volume of 3,202,034 shares trading hands.

More Ibstock News

Here are the key news stories impacting Ibstock this week:

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on IBST. Jefferies Financial Group decreased their target price on shares of Ibstock from GBX 165 to GBX 145 and set a “buy” rating for the company in a report on Monday, February 9th. Berenberg Bank dropped their price objective on shares of Ibstock from GBX 150 to GBX 135 and set a “hold” rating on the stock in a report on Wednesday, January 21st. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of GBX 160.

View Our Latest Stock Report on Ibstock

Ibstock Stock Performance

The firm has a market cap of £432.83 million, a price-to-earnings ratio of 36.55, a P/E/G ratio of 0.47 and a beta of 0.74. The company has a debt-to-equity ratio of 51.05, a current ratio of 1.24 and a quick ratio of 1.19. The firm has a fifty day simple moving average of GBX 132.48 and a two-hundred day simple moving average of GBX 133.79.

Ibstock (LON:IBSTGet Free Report) last issued its quarterly earnings data on Thursday, March 5th. The company reported GBX 5.70 earnings per share (EPS) for the quarter. Ibstock had a return on equity of 3.09% and a net margin of 3.19%. On average, analysts expect that Ibstock plc will post 11.0089552 EPS for the current year.

Ibstock Company Profile

(Get Free Report)

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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