Ibstock (LON:IBST) Shares Break Below 50-Day Moving Average – Should You Sell?
by Scott Moore · The Cerbat GemIbstock plc (LON:IBST – Get Free Report) crossed below its 50-day moving average during trading on Tuesday. The stock has a 50-day moving average of GBX 81.83 and traded as low as GBX 78.30. Ibstock shares last traded at GBX 81.05, with a volume of 1,258,154 shares changing hands.
Analyst Ratings Changes
IBST has been the subject of a number of recent research reports. Peel Hunt reaffirmed a “buy” rating and issued a GBX 125 target price on shares of Ibstock in a research note on Wednesday, August 5th. Jefferies Financial Group cut their price objective on shares of Ibstock from GBX 115 to GBX 90 and set a “hold” rating for the company in a research report on Monday, August 10th. Royal Bank Of Canada reduced their target price on shares of Ibstock from GBX 160 to GBX 130 and set an “outperform” rating on the stock in a research note on Thursday, July 30th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a GBX 100 target price on shares of Ibstock in a report on Thursday, August 6th. Finally, Berenberg Bank restated a “hold” rating and set a GBX 90 price target on shares of Ibstock in a report on Monday, October 5th. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of GBX 107.
Read Our Latest Stock Analysis on IBST
Ibstock Price Performance
The company’s 50-day moving average price is GBX 81.37 and its 200-day moving average price is GBX 91.90. The firm has a market cap of £314.43 million, a price-to-earnings ratio of -13.96, a PEG ratio of 0.47 and a beta of 0.84. The company has a quick ratio of 1.19, a current ratio of 1.28 and a debt-to-equity ratio of 54.38.
Ibstock (LON:IBST – Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The company reported GBX 0.70 earnings per share (EPS) for the quarter. Ibstock had a negative return on equity of 6.19% and a negative net margin of 6.67%. On average, equities research analysts forecast that Ibstock plc will post 11.01 EPS for the current 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.