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

Shares of Ibstock plc (LON:IBST – Get Rating) crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-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 trading hands.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Berenberg Bank reaffirmed a “hold” rating and issued a GBX 180 ($2.24) price target on shares of Ibstock in a research note on Friday, May 5th. Peel Hunt reaffirmed a “buy” rating and set a GBX 230 ($2.86) price target on shares of Ibstock in a research report on Wednesday, March 8th.

Ibstock Trading Down 1.5 %

The company has a debt-to-equity ratio of 32.03, a quick ratio of 1.19 and a current ratio of 1.67. The business has a 50-day simple moving average of GBX 169.34 and a two-hundred day simple moving average of GBX 164.73. The stock has a market cap of £636.40 million, a price-to-earnings ratio of 736.36, a P/E/G ratio of 0.66 and a beta of 1.36.

Ibstock Increases Dividend

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

Insiders Place Their Bets

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

About Ibstock

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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.