Posted by admin on Aug 6th, 2022
Ibstock plc (LON:IBST – Get Rating) passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 180.35 ($2.21) and traded as high as GBX 207 ($2.54). Ibstock shares last traded at GBX 203.60 ($2.49), with a volume of 518,349 shares trading hands.
Separately, Berenberg Bank lifted their target price on Ibstock from GBX 200 ($2.45) to GBX 210 ($2.57) and gave the company a “hold” rating in a research note on Thursday, July 28th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, Ibstock has an average rating of “Hold” and a consensus price target of GBX 238.40 ($2.92).
The company has a debt-to-equity ratio of 29.35, a quick ratio of 1.19 and a current ratio of 1.79. The firm has a market capitalization of £822.53 million and a P/E ratio of 1,357.33. The company has a 50-day moving average price of GBX 180.35 and a 200-day moving average price of GBX 181.08.
The business also recently declared a dividend, which will be paid on Tuesday, September 13th. Stockholders of record on Thursday, August 18th will be given a GBX 3.30 ($0.04) dividend. The ex-dividend date of this dividend is Thursday, August 18th. This represents a dividend yield of 1.84%. Ibstock’s dividend payout ratio is currently 5,333.33%.
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.
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