Ibstock (LON:IBST) Stock Crosses Below 50 Day Moving Average – What’s Next?

Ibstock plc (LON:IBST) passed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 182.24 ($2.38) and traded as low as GBX 181.20 ($2.37). Ibstock shares last traded at GBX 186.20 ($2.43), with a volume of 362,675 shares traded.

Wall Street Analyst Weigh In

Several brokerages have recently commented on IBST. Royal Bank of Canada reaffirmed an “outperform” rating and set a GBX 200 ($2.61) target price on shares of Ibstock in a report on Thursday, July 4th. Jefferies Financial Group raised their target price on shares of Ibstock from GBX 143 ($1.87) to GBX 150 ($1.96) and gave the stock a “hold” rating in a report on Thursday, June 27th.

Ibstock Stock Up 0.2 %

The business has a fifty day moving average price of GBX 182.24 and a two-hundred day moving average price of GBX 169.11. The firm has a market cap of £734.94 million, a PE ratio of 9,310.00, a P/E/G ratio of 0.47 and a beta of 1.34. The company has a debt-to-equity ratio of 46.91, a current ratio of 1.37 and a quick ratio of 1.19.

Ibstock Cuts Dividend

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

About Ibstock

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.