Ibstock (LON:IBST) Share Price Crosses Above 50-Day Moving Average of $183.21

Ibstock plc (LON:IBST)’s share price crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 183.21 ($2.42) and traded as high as GBX 184.60 ($2.44). Ibstock shares last traded at GBX 180.20 ($2.38), with a volume of 419,639 shares changing hands.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on IBST shares. Jefferies Financial Group increased their price target on Ibstock from GBX 143 ($1.89) to GBX 150 ($1.98) and gave the company a “hold” rating in a report on Thursday, June 27th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a GBX 200 ($2.64) price target on shares of Ibstock in a report on Thursday, July 4th.

Ibstock Stock Performance

The firm has a 50-day moving average price of GBX 183.19 and a 200 day moving average price of GBX 165.23. The firm has a market capitalization of £727.97 million, a PE ratio of 9,290.00, a price-to-earnings-growth ratio of 0.47 and a beta of 1.34. The company has a quick ratio of 1.19, a current ratio of 1.37 and a debt-to-equity ratio of 46.91.

Ibstock Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, September 13th. Investors of record on Thursday, August 22nd were issued a GBX 1.50 ($0.02) dividend. The ex-dividend date was Thursday, August 22nd. This represents a yield of 0.87%. Ibstock’s dividend payout ratio (DPR) is presently 25,000.00%.

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.