Ibstock (LON:IBST) Stock Price Passes Below 200 Day Moving Average – Time to Sell?

Ibstock plc (LON:IBST) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 132.51 and traded as low as GBX 101.80. Ibstock shares last traded at GBX 103, with a volume of 2,130,771 shares changing hands.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on IBST shares. Berenberg Bank cut their price target on Ibstock from GBX 150 to GBX 135 and set a “hold” rating on the stock in a research note on Wednesday, January 21st. Jefferies Financial Group lowered their price objective on shares of Ibstock from GBX 165 to GBX 145 and set a “buy” rating for the company in a research note on Monday, February 9th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of GBX 160.

Ibstock Stock Down 1.7%

The firm has a market capitalization of £406.54 million, a P/E ratio of 34.33, a PEG ratio of 0.47 and a beta of 0.74. The company has a debt-to-equity ratio of 44.59, a quick ratio of 1.19 and a current ratio of 1.33. The business’s fifty day moving average price is GBX 128.86 and its two-hundred day moving average price is GBX 132.51.

Ibstock (LON:IBST) 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 net margin of 0.83% and a return on equity of 0.79%. Equities analysts expect 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.