Ibstock (LON:IBST) Hits New 52-Week Low – Time to Sell?

Ibstock plc (LON:IBST)’s stock price reached a new 52-week low during mid-day trading on Monday . The company traded as low as GBX 92.85 and last traded at GBX 96.40, with a volume of 2692989 shares trading hands. The stock had previously closed at GBX 95.40.

Analyst Ratings Changes

A number of equities research analysts have recently commented on IBST shares. Jefferies Financial Group lowered their price target 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 decreased their target price on shares of Ibstock from GBX 150 to GBX 135 and set a “hold” rating on the stock in a research report on Wednesday, January 21st. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on shares of Ibstock from GBX 144 to GBX 110 and set a “hold” rating for the company in a research note on Tuesday, March 24th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of GBX 135.50.

Ibstock Stock Performance

The firm has a market capitalization of £380.80 million, a PE ratio of 120.50, a price-to-earnings-growth ratio of 0.47 and a beta of 0.86. 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 company’s fifty day moving average price is GBX 104.28 and its two-hundred day moving average price is GBX 123.13.

Ibstock (LON:IBST) last released its earnings results 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%. As a group, equities analysts expect that Ibstock plc will post 11.0089552 earnings per share for the current year.

Insider Buying and Selling at Ibstock

In other news, insider Joe Hudson sold 15,632 shares of the company’s stock in a transaction on Monday, April 20th. The stock was sold at an average price of GBX 107, for a total transaction of £16,726.24. Also, insider Martin Payne bought 20,000 shares of Ibstock stock in a transaction that occurred on Friday, April 17th. The stock was purchased at an average price of GBX 108 per share, for a total transaction of £21,600. 2.26% of the stock is owned by insiders.

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.