Kevin Sims Sells 2,000,000 Shares of Ibstock plc (LON:IBST) Stock
Ibstock plc (LON:IBST) insider Kevin Sims sold 2,000,000 shares of the business’s stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of GBX 241 ($3.14), for a total transaction of £4,820,000 ($6,276,858.97).
Shares of Ibstock plc (LON:IBST) opened at 227.70 on Friday. The firm has a 50-day moving average of GBX 247.71 and a 200 day moving average of GBX 225.17. Ibstock plc has a 52-week low of GBX 156.64 and a 52-week high of GBX 261.00. The company’s market capitalization is GBX 925.18 million.
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IBST has been the topic of a number of research analyst reports. Berenberg Bank initiated coverage on shares of Ibstock plc in a research report on Friday, May 12th. They set a “buy” rating and a GBX 310 ($4.04) price objective on the stock. Barclays PLC reaffirmed an “overweight” rating and set a GBX 245 ($3.19) price objective on shares of Ibstock plc in a research report on Thursday, April 27th. Deutsche Bank AG reaffirmed a “buy” rating on shares of Ibstock plc in a research report on Wednesday, July 19th. BNP Paribas reaffirmed an “outperform” rating and set a GBX 265 ($3.45) price objective on shares of Ibstock plc in a research report on Thursday, May 18th. Finally, Jefferies Group LLC boosted their price objective on shares of Ibstock plc from GBX 240 ($3.13) to GBX 290 ($3.78) and gave the company a “buy” rating in a research report on Monday, June 26th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of GBX 264.89 ($3.45).
About Ibstock plc
Ibstock plc is a United Kingdom-based company, which is engaged in manufacturing of clay bricks and concrete products. The Company’s segments are the UK and the US. The Company’s principal products include clay bricks, brick components, concrete stone masonry substitutes, concrete fencing, pre-stressed concrete products and concrete rail products.
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