Ibstock (LON:IBST) Stock Price Down 15.6% – What’s Next?

Ibstock plc (LON:IBST) shares fell 15.6% during trading on Thursday . The stock traded as low as GBX 157.41 ($2.14) and last traded at GBX 163 ($2.21). 11,275,572 shares traded hands during mid-day trading, an increase of 404% from the average session volume of 2,238,985 shares. The stock had previously closed at GBX 193.20 ($2.62).

Wall Street Analyst Weigh In

Several research firms have recently commented on IBST. Berenberg Bank reissued a “hold” rating and issued a GBX 200 ($2.71) price target on shares of Ibstock in a research report on Wednesday, April 23rd. Deutsche Bank Aktiengesellschaft boosted their target price on Ibstock from GBX 225 ($3.05) to GBX 240 ($3.26) and gave the stock a “buy” rating in a research note on Thursday, February 20th.

Ibstock Trading Down 3.1%

The company has a 50 day moving average of GBX 182.26 and a two-hundred day moving average of GBX 175.44. The company has a debt-to-equity ratio of 46.91, a quick ratio of 1.19 and a current ratio of 1.37. The stock has a market capitalization of £621.75 million, a PE ratio of 85.43, a P/E/G ratio of 0.47 and a beta of 1.34.

Insiders Place Their Bets

In other Ibstock news, insider Joe Hudson sold 139,886 shares of Ibstock stock in a transaction dated Wednesday, April 30th. The stock was sold at an average price of GBX 176 ($2.39), for a total transaction of £246,199.36 ($334,056.12). 0.35% of the stock is currently owned by insiders.

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.