Ibstock (LON:IBST) Share Price Passes Below 50-Day Moving Average of $169.87

Ibstock plc (LON:IBST – Get Rating) shares passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 169.87 ($2.11) and traded as low as GBX 164.31 ($2.04). Ibstock shares last traded at GBX 166.30 ($2.07), with a volume of 479,876 shares changing hands.

Analyst Upgrades and Downgrades

Several research firms have commented on IBST. Berenberg Bank reaffirmed a “hold” rating and issued a GBX 180 ($2.24) price target on shares of Ibstock in a report on Friday, May 5th. Peel Hunt reiterated a “buy” rating and issued a GBX 230 ($2.86) price objective on shares of Ibstock in a research report on Wednesday, March 8th.

Ibstock Price Performance

The stock’s fifty day moving average price is GBX 169.34 and its two-hundred day moving average price is GBX 164.73. The firm has a market capitalization of £636.40 million, a price-to-earnings ratio of 736.36, a price-to-earnings-growth ratio of 0.66 and a beta of 1.36. The company has a current ratio of 1.67, a quick ratio of 1.19 and a debt-to-equity ratio of 32.03.

Ibstock Increases Dividend

The business also recently declared a dividend, which was paid on Friday, May 12th. Investors of record on Thursday, April 20th were paid a dividend of GBX 5.50 ($0.07) per share. This is a positive change from Ibstock’s previous dividend of $3.30. This represents a yield of 3.39%. The ex-dividend date of this dividend was Thursday, April 20th. Ibstock’s dividend payout ratio (DPR) is currently 4,090.91%.

Insiders Place Their Bets

In other news, insider Nicola Bruce bought 5,939 shares of the stock in a transaction dated Friday, April 28th. The shares were acquired at an average price of GBX 168 ($2.09) per share, with a total value of £9,977.52 ($12,409.85). In other Ibstock news, insider Chris McLeish sold 2,950 shares of Ibstock stock in a transaction dated Tuesday, April 18th. The shares were sold at an average price of GBX 172 ($2.14), for a total transaction of £5,074 ($6,310.95). Also, insider Nicola Bruce bought 5,939 shares of the business’s stock in a transaction on Friday, April 28th. The shares were acquired at an average price of GBX 168 ($2.09) per share, with a total value of £9,977.52 ($12,409.85). 0.24% of the stock is currently owned by insiders.

Ibstock Company Profile

(Get Rating)

Ibstock plc manufactures and sells clay and concrete building products and solutions primarily in the United Kingdom. Its principal products include clay bricks, brick components, concrete roof tiles, concrete stone masonry substitutes, concrete fencing, pre-stressed concrete, and concrete rail products.