Ibstock (LON:IBST) Shares Pass Above 50-Day Moving Average of $183.21

Ibstock plc (LON:IBST)’s stock price passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 183.21 ($2.42) and traded as high as GBX 184.60 ($2.44). Ibstock shares last traded at GBX 180.20 ($2.38), with a volume of 419,639 shares trading hands.

Wall Street Analysts Forecast Growth

IBST has been the subject of several recent research reports. Jefferies Financial Group increased their price target on Ibstock from GBX 143 ($1.89) to GBX 150 ($1.98) and gave the stock a “hold” rating in a report on Thursday, June 27th. Royal Bank of Canada restated an “outperform” rating and issued a GBX 200 ($2.64) target price on shares of Ibstock in a research note on Thursday, July 4th.

Ibstock Stock Performance

The stock has a 50 day moving average of GBX 183.21 and a two-hundred day moving average of GBX 165.07. The stock has a market capitalization of £722.46 million, a PE ratio of 9,010.00, a P/E/G 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.

Ibstock Cuts Dividend

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

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.