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

Shares of Ibstock plc (LON:IBST) passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 95.07 and traded as low as GBX 92.80. Ibstock shares last traded at GBX 93.15, with a volume of 789,467 shares trading hands.

Analyst Ratings Changes

IBST has been the subject of several analyst reports. Jefferies Financial Group lowered their target price on shares of Ibstock from GBX 133 to GBX 127 and set a “buy” rating for the company in a report on Monday, April 20th. Berenberg Bank reduced their price objective on shares of Ibstock from GBX 135 to GBX 120 and set a “hold” rating on the stock in a research report on Friday, May 22nd. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of GBX 131.75.

Ibstock Trading Up 0.4%

The company’s 50 day simple moving average is GBX 95.07 and its two-hundred day simple moving average is GBX 109.63. The company has a quick ratio of 1.19, a current ratio of 1.33 and a debt-to-equity ratio of 44.59. The company has a market capitalization of £369.34 million, a price-to-earnings ratio of 116.88, a P/E/G ratio of 0.47 and a beta of 0.86.

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.