Ibstock (LON:IBST) Stock Passes Below 50-Day Moving Average – Should You Sell?

Ibstock plc (LON:IBST)’s stock price passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 95.07 and traded as low as GBX 92.80. Ibstock shares last traded at GBX 93.15, with a volume of 789,467 shares.

Analysts Set New Price Targets

IBST has been the subject of a number of recent research reports. Berenberg Bank decreased their target price on Ibstock from GBX 135 to GBX 120 and set a “hold” rating for the company in a research report on Friday, May 22nd. Jefferies Financial Group dropped their price target on Ibstock from GBX 133 to GBX 127 and set a “buy” rating on the stock in a research report on Monday, April 20th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of GBX 131.75.

Ibstock Stock Performance

The company has a current ratio of 1.33, a quick ratio of 1.19 and a debt-to-equity ratio of 44.59. The company’s fifty day moving average is GBX 95.07 and its 200 day moving average is GBX 109.63. The company has a market cap of £369.34 million, a P/E ratio of 116.88, a price-to-earnings-growth ratio of 0.47 and a beta of 0.86.

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.