Ibstock (LON:IBST) Reaches New 1-Year High – Here’s What Happened

Posted by Tech Dows on Oct 18th, 2024

Ibstock plc (LON:IBST – Get Free Report) reached a new 52-week high on Friday . The company traded as high as GBX 198 ($2.59) and last traded at GBX 193.20 ($2.52), with a volume of 36686 shares trading hands. The stock had previously closed at GBX 195.80 ($2.56).

Analyst Ratings Changes

IBST has been the topic of a number of analyst reports. Jefferies Financial Group increased their price target on Ibstock from GBX 143 ($1.87) to GBX 150 ($1.96) and gave the stock a “hold” rating in a research report on Thursday, June 27th. Royal Bank of Canada reissued an “outperform” rating and set a GBX 200 ($2.61) target price on shares of Ibstock in a report on Thursday, July 4th.

Read Our Latest Analysis on IBST

Ibstock Price Performance

The company’s 50-day moving average is GBX 183.36 and its 200-day moving average is GBX 169.95. The firm has a market cap of £762.51 million, a price-to-earnings ratio of 9,790.00, a price-to-earnings-growth 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.

Ibstock Cuts Dividend

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

Ibstock Company Profile

(Get Free Report)

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.