Ibstock (LON:IBST) Share Price Crosses Above 50-Day Moving Average – Here’s What Happened

Ibstock plc (LON:IBST)’s share price crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 166.36 ($2.15) and traded as high as GBX 172.20 ($2.23). Ibstock shares last traded at GBX 167 ($2.16), with a volume of 751,404 shares changing hands.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft boosted their price target on Ibstock from GBX 225 ($2.91) to GBX 240 ($3.11) and gave the stock a “buy” rating in a research note on Thursday, February 20th.

Ibstock Stock Down 1.3 %

The stock has a market capitalization of £658.00 million, a price-to-earnings ratio of 90.41, a PEG ratio of 0.47 and a beta of 1.34. The company has a debt-to-equity ratio of 46.91, a current ratio of 1.37 and a quick ratio of 1.19. The firm’s fifty day moving average is GBX 166.36 and its 200-day moving average is GBX 179.49.

Ibstock (LON:IBST) last issued its earnings results on Thursday, March 6th. The company reported GBX 7.70 ($0.10) earnings per share (EPS) for the quarter. Ibstock had a net margin of 2.01% and a return on equity of 1.83%. On average, sell-side analysts predict that Ibstock plc will post 11.0089552 earnings per share for the current year.

Ibstock Company Profile

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.