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

Ibstock plc (LON:IBST)’s stock price passed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of GBX 101.26 and traded as low as GBX 93.35. Ibstock shares last traded at GBX 93.55, with a volume of 935,621 shares traded.

Wall Street Analysts Forecast Growth

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

Ibstock Stock Up 1.7%

The business’s 50 day moving average is GBX 101.26 and its 200-day moving average is GBX 117.99. The stock has a market cap of £375.67 million, a price-to-earnings ratio of 118.88, a PEG ratio of 0.47 and a beta of 0.86. The company has a debt-to-equity ratio of 44.59, a quick ratio of 1.19 and a current ratio of 1.33.

Insiders Place Their Bets

In other news, insider Martin Payne acquired 20,000 shares of the firm’s stock in a transaction on Friday, April 17th. The shares were bought at an average price of GBX 108 per share, for a total transaction of £21,600. Also, insider Joe Hudson sold 64,484 shares of the firm’s stock in a transaction on Monday, March 23rd. The shares were sold at an average price of GBX 103, for a total value of £66,418.52. Company 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.