Ibstock (LON:IBST) Stock Price Down 5.5% Following Analyst Downgrade

Ibstock plc (LON:IBST)’s stock price traded down 5.5% during mid-day trading on Monday after Jefferies Financial Group lowered their price target on the stock from GBX 133 to GBX 127. Jefferies Financial Group currently has a buy rating on the stock. Ibstock traded as low as GBX 106.80 and last traded at GBX 107.30. 462,644 shares were traded during trading, a decline of 93% from the average session volume of 6,659,554 shares. The stock had previously closed at GBX 113.60.

Other research analysts also recently issued reports about the company. Deutsche Bank Aktiengesellschaft decreased their price objective on Ibstock from GBX 144 to GBX 110 and set a “hold” rating for the company in a report on Tuesday, March 24th. Berenberg Bank decreased their price objective on Ibstock from GBX 150 to GBX 135 and set a “hold” rating for the company in a report on Wednesday, January 21st. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Ibstock presently has an average rating of “Moderate Buy” and a consensus price target of GBX 135.50.

Insider Activity at Ibstock

In related news, insider Martin Payne purchased 20,000 shares of Ibstock stock in a transaction that occurred on Friday, April 17th. The stock was purchased at an average cost of GBX 108 per share, with a total value of £21,600. Also, insider Joe Hudson sold 64,484 shares of the stock in a transaction that occurred on Monday, March 23rd. The shares were sold at an average price of GBX 103, for a total value of £66,418.52. Corporate insiders own 2.26% of the company’s stock.

Ibstock Stock Up 0.7%

The firm has a 50-day moving average of GBX 113.88 and a 200 day moving average of GBX 126.47. The company has a debt-to-equity ratio of 44.59, a current ratio of 1.33 and a quick ratio of 1.19. The stock has a market capitalization of £431.22 million, a price-to-earnings ratio of 136.50, a PEG ratio of 0.47 and a beta of 0.88.

Ibstock (LON:IBST) last released its quarterly earnings data on Thursday, March 5th. The company reported GBX 5.70 earnings per share (EPS) for the quarter. Ibstock had a return on equity of 0.79% and a net margin of 0.83%. As a group, sell-side 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.