Shares in Ibstock (LON:IBST) are above their 50-day moving average – Here’s why

Shares of Ibstock plc (LON:IBST – Get Your Free Report ) broke above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 182.19 ($2.44) and traded as high as GBX 186 ($2.49). Shares of Ibstock last traded at GBX 184.80 ($2.47), with a volume of 1,064,389 shares.

Changes in Analyst Ratings

A number of equities analysts recently weighed in on the stock. Jefferies Financial Group upped their target price on shares of Ibstock from GBX 143 ($1.91) to GBX 150 ($2.01) and gave the stock a “hold” rating in a research note on Thursday. June 27. Royal Bank of Canada restated an “outperform” rating and issued a GBX 200 ($2.68) price objective on shares of Ibstock in a research note on Thursday, July 4th.

Get our latest analysis on IBST

Ibstock price performance

The stock’s 50-day moving average price is GBX 182.19, and its 200-day moving average price is GBX 167.63. 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 has a market cap of £726.39 million, a price-to-earnings ratio of 9,240.00, a price-to-earnings-growth ratio of 0.47 and a beta of 1.34.

Ibstock cuts dividends

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

About Ibstock

(Get a free report)

Ibstock plc manufactures and sells clay and concrete construction products and solutions to customers in the UK residential construction sector. The company offers bricks and masonry, which includes facade and technical bricks, brick bricks, special-shaped bricks, wall stone, architectural masonry, prefabricated components, eco-habitats, and lath and lintel stones, as well as facade systems; Roofing products including tiles and accessories for roofing and chimneys; and decking and lintel, such as joist and block decking, insulated decking, tube core, and screed rails.

See Also

Get news and reviews for Ibstock Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Ibstock and related companies with MarketBeat.com’s FREE daily email newsletter.