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

Ibstock plc (LON:IBST) shares crossed 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 traded.

Wall Street Analyst Weigh In

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

Ibstock Stock Up 2.5%

The company has a market capitalization of £410.42 million, a price-to-earnings ratio of 129.88, a P/E/G ratio of 0.47 and a beta of 0.86. The business’s 50-day moving average is GBX 102.95 and its 200-day moving average is GBX 120.72. The company has a quick ratio of 1.19, a current ratio of 1.33 and a debt-to-equity ratio of 44.59.

Ibstock (LON:IBST) last issued its quarterly earnings data 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 predict that Ibstock plc will post 11.0089552 earnings per share for the current year.

Insider Activity

In other news, insider Martin Payne purchased 20,000 shares of the company’s stock in a transaction dated Friday, April 17th. The stock was acquired at an average price of GBX 108 per share, with a total value of £21,600. Also, insider Joe Hudson sold 15,632 shares of the stock in a transaction that occurred on 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 currently owned by corporate 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.