Ibstock plc (LON:IBST – Get Free Report) fell 15.6% during mid-day trading on Thursday . The stock traded as low as GBX 157.41 ($2.13) and last traded at GBX 163 ($2.21). 11,275,572 shares changed hands during 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).
Analyst Upgrades and Downgrades
Several research firms recently issued reports on IBST. Deutsche Bank Aktiengesellschaft increased their price target on shares of Ibstock from GBX 225 ($3.05) to GBX 240 ($3.25) and gave the stock a “buy” rating in a report on Thursday, February 20th. Berenberg Bank reissued a “hold” rating and set a GBX 200 ($2.71) price target on shares of Ibstock in a report on Wednesday, April 23rd.
Get Our Latest Analysis on Ibstock
Ibstock Stock Down 1.7%
Insider Buying and Selling at Ibstock
In other news, insider Joe Hudson sold 139,886 shares of the stock in a transaction that occurred on Wednesday, April 30th. The shares were sold at an average price of GBX 176 ($2.39), for a total value of £246,199.36 ($333,739.14). 0.35% of the stock is currently owned by corporate 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.
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