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

Shares of Ibstock plc (LON:IBST) passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 102.95 and traded as low as GBX 101.20. Ibstock shares last traded at GBX 103.90, with a volume of 2,435,306 shares.

Analysts Set New Price Targets

Several equities analysts have recently commented on IBST shares. Jefferies Financial Group decreased their price objective on shares of Ibstock from GBX 133 to GBX 127 and set a “buy” rating on the stock in a report on Monday, April 20th. Berenberg Bank decreased their price objective on shares of Ibstock from GBX 135 to GBX 120 and set a “hold” rating on the stock in a report on Friday, May 22nd. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Ibstock from GBX 144 to GBX 110 and set a “hold” rating on the stock in a report on Tuesday, March 24th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of GBX 131.75.

Ibstock Price Performance

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 stock’s 50-day moving average is GBX 102.95 and its 200 day moving average is GBX 120.72. The stock has a market capitalization of £410.42 million, a PE ratio of 129.88, a P/E/G ratio of 0.47 and a beta of 0.86.

Ibstock (LON:IBST) last issued its earnings results on Thursday, March 5th. The company reported GBX 5.70 earnings per share 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 Activity

In related news, insider Martin Payne acquired 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. Also, insider Joe Hudson sold 15,632 shares of the firm’s stock in a transaction dated Monday, April 20th. The shares were sold at an average price of GBX 107, for a total transaction of £16,726.24. 2.26% of the stock is owned by company insiders.

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.