Joe Hudson Sells 64,484 Shares of Ibstock (LON:IBST) Stock

Ibstock plc (LON:IBST) insider Joe Hudson sold 64,484 shares of the business’s stock in a transaction that occurred on Monday, March 23rd. The stock was sold at an average price of GBX 103, for a total value of £66,418.52.

Ibstock Stock Up 4.3%

Shares of LON IBST opened at GBX 105.60 on Thursday. Ibstock plc has a one year low of GBX 97 and a one year high of GBX 200.50. 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 firm’s 50 day simple moving average is GBX 123.48 and its two-hundred day simple moving average is GBX 130.57. The stock has a market capitalization of £416.81 million, a P/E ratio of 35.20, a PEG ratio of 0.47 and a beta of 0.74.

Ibstock (LON:IBST) last announced 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, analysts expect that Ibstock plc will post 11.0089552 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have weighed in on IBST. Jefferies Financial Group lowered their price target on shares of Ibstock from GBX 165 to GBX 145 and set a “buy” rating for the company in a research note on Monday, February 9th. Deutsche Bank Aktiengesellschaft reduced their price objective on Ibstock from GBX 144 to GBX 110 and set a “hold” rating on the stock in a research note on Tuesday. Finally, Berenberg Bank lowered their target price on Ibstock from GBX 150 to GBX 135 and set a “hold” rating for the company in a research note on Wednesday, January 21st. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, Ibstock has an average rating of “Moderate Buy” and an average price target of GBX 140.

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.