Ibstock (LON:IBST) Reaches New 12-Month Low – Should You Sell?

Ibstock plc (LON:IBST)’s share price reached a new 52-week low during trading on Monday . The company traded as low as GBX 89.80 and last traded at GBX 91.91, with a volume of 165620250 shares. The stock had previously closed at GBX 90.35.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on IBST shares. Deutsche Bank Aktiengesellschaft lowered their target price on Ibstock from GBX 144 to GBX 110 and set a “hold” rating on the stock in a report on Tuesday, March 24th. Jefferies Financial Group reduced their price objective on Ibstock from GBX 133 to GBX 127 and set a “buy” rating for the company in a research report on Monday, April 20th. Finally, Berenberg Bank dropped their target price 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 equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 131.75.

Ibstock Trading Up 3.8%

The business has a 50-day moving average price of GBX 99.64 and a 200-day moving average price of GBX 116.24. 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 firm has a market capitalization of £374.48 million, a P/E ratio of 118.50, a PEG ratio of 0.47 and a beta of 0.86.

Insiders Place Their Bets

In related news, insider Joe Hudson sold 15,632 shares of the company’s stock in a transaction dated Monday, April 20th. The shares were sold at an average price of GBX 107, for a total value of £16,726.24. Also, insider Martin Payne purchased 20,000 shares of the company’s stock in a transaction that occurred on Friday, April 17th. The stock was acquired at an average cost of GBX 108 per share, with a total value of £21,600. Corporate insiders own 2.26% of the company’s stock.

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.