Ibstock (LON:IBST) Share Price Passes Below Fifty Day Moving Average – Here’s Why

Shares of Ibstock plc (LON:IBST) passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 168.97 ($2.13) and traded as low as GBX 161.40 ($2.03). Ibstock shares last traded at GBX 162.50 ($2.05), with a volume of 506,997 shares.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft raised their price objective on shares of Ibstock from GBX 225 ($2.84) to GBX 240 ($3.02) and gave the stock a “buy” rating in a report on Thursday, February 20th.

Ibstock Stock Up 0.5 %

The business’s fifty day moving average price is GBX 168.64 and its 200 day moving average price is GBX 180.72. The firm has a market capitalization of £645.39 million, a price-to-earnings ratio of 88.68, a PEG ratio of 0.47 and a beta of 1.34. The company has a current ratio of 1.37, a quick ratio of 1.19 and a debt-to-equity ratio of 46.91.

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.