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

Ibstock plc (LON:IBST)’s share price crossed below its fifty day moving average during trading on Monday . The stock has a fifty 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 changing hands.

Wall Street Analyst Weigh In

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

Ibstock Trading Up 1.7%

The company’s fifty day moving average is GBX 101.26 and its two-hundred day moving average is GBX 117.99. The company has a debt-to-equity ratio of 44.59, a quick ratio of 1.19 and a current ratio of 1.33. The company has a market cap of £375.67 million, a price-to-earnings ratio of 118.88, a P/E/G ratio of 0.47 and a beta of 0.86.

Insider Activity at Ibstock

In other Ibstock news, insider Martin Payne purchased 20,000 shares of the business’s stock in a transaction that occurred 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 stock in a transaction that occurred on Monday, March 23rd. The stock was sold at an average price of GBX 103, for a total transaction of £66,418.52. 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.