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

Ibstock plc (LON:IBST) crossed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 134.77 and traded as low as GBX 130.20. Ibstock shares last traded at GBX 131.38, with a volume of 774,841 shares changing hands.

Analyst Ratings Changes

A number of research firms have recently commented on IBST. Jefferies Financial Group dropped their price objective on Ibstock from GBX 165 to GBX 145 and set a “buy” rating on the stock in a research note on Monday, February 9th. Berenberg Bank dropped their price target 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. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Ibstock currently has an average rating of “Moderate Buy” and a consensus target price of GBX 160.

Ibstock Price Performance

The company has a market capitalization of £513.90 million, a price-to-earnings ratio of 43.40, a price-to-earnings-growth ratio of 0.47 and a beta of 1.34. The company has a quick ratio of 1.19, a current ratio of 1.37 and a debt-to-equity ratio of 46.91. The business has a 50-day moving average price of GBX 134.77 and a 200-day moving average price of GBX 134.82.

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.