Ibstock (LON:IBST) Hits New 12-Month Low – Here’s Why

Ibstock plc (LON:IBST) reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as GBX 74.95 and last traded at GBX 76.53, with a volume of 38424207 shares trading hands. The stock had previously closed at GBX 76.20.

Wall Street Analysts Forecast Growth

IBST has been the subject of a number of research reports. Berenberg Bank reduced their price objective on Ibstock from GBX 135 to GBX 120 and set a “hold” rating for the company in a research note on Friday, May 22nd. Peel Hunt reiterated a “buy” rating and issued a GBX 125 target price on shares of Ibstock in a research note on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a GBX 100 price objective on shares of Ibstock in a research note on Thursday, August 6th. Royal Bank Of Canada cut their price target on shares of Ibstock from GBX 160 to GBX 130 and set an “outperform” rating for the company in a report on Thursday, July 30th. Finally, Jefferies Financial Group decreased their price target on Ibstock from GBX 115 to GBX 90 and set a “hold” rating on the stock in a research note on Monday, August 10th. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of GBX 113.

Ibstock Stock Down 0.2%

The company has a debt-to-equity ratio of 54.38, a quick ratio of 1.19 and a current ratio of 1.28. The firm’s 50-day moving average is GBX 88.97 and its 200 day moving average is GBX 97.13. The firm has a market capitalization of £307.72 million, a PE ratio of -13.67, a price-to-earnings-growth ratio of 0.47 and a beta of 0.84.

Ibstock (LON:IBST) last posted its earnings results on Wednesday, August 5th. The company reported GBX 0.70 earnings per share for the quarter. Ibstock had a negative net margin of 6.67% and a negative return on equity of 6.19%. As a group, research analysts forecast that Ibstock plc will post 11.0089552 earnings per share for the current fiscal year.

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.