Ibstock (LON:IBST) Hits New 12-Month High – Still a Buy?

Ibstock plc (LON:IBST)’s stock price hit a new 52-week high during mid-day trading on Friday . The company traded as high as GBX 200 ($2.60) and last traded at GBX 199.25 ($2.59), with a volume of 5997 shares traded. The stock had previously closed at GBX 198.80 ($2.58).

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada restated an “outperform” rating and set a GBX 200 ($2.60) price objective on shares of Ibstock in a report on Thursday, July 4th.

Ibstock Trading Up 1.3 %

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 company has a market cap of £793.63 million, a P/E ratio of 10,075.00, a PEG ratio of 0.47 and a beta of 1.34. The business has a fifty day moving average price of GBX 185.34 and a 200-day moving average price of GBX 172.16.

Ibstock Cuts Dividend

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