Ibstock (LON:IBST) Stock Price Passes Below Fifty Day Moving Average of $182.40

Posted by Thomas Dobrow on Sep 11th, 2024

Ibstock plc (LON:IBST – Get Free Report) shares crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 182.40 ($2.39) and traded as low as GBX 177.80 ($2.33). Ibstock shares last traded at GBX 179.60 ($2.35), with a volume of 336,594 shares changing hands.

Analyst Upgrades and Downgrades

IBST has been the subject of several research analyst reports. Royal Bank of Canada reaffirmed an “outperform” rating and issued a GBX 200 ($2.62) price target on shares of Ibstock in a research note on Thursday, July 4th. Jefferies Financial Group lifted their price target on shares of Ibstock from GBX 143 ($1.87) to GBX 150 ($1.96) and gave the company a “hold” rating in a research note on Thursday, June 27th.

View Our Latest Research Report on IBST

Ibstock Trading Down 0.4 %

The company has a quick ratio of 1.19, a current ratio of 1.37 and a debt-to-equity ratio of 46.91. The firm’s 50-day moving average price is GBX 182.40 and its 200 day moving average price is GBX 164.22. The company has a market capitalization of £703.19 million, a P/E ratio of 8,980.00, a P/E/G ratio of 0.47 and a beta of 1.34.

Ibstock Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Friday, September 13th. Shareholders of record on Thursday, August 22nd will be given a GBX 1.50 ($0.02) dividend. This represents a yield of 0.87%. The ex-dividend date of this dividend is Thursday, August 22nd. Ibstock’s payout ratio is 25,000.00%.

Ibstock Company Profile

(Get Free Report)

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.