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

by · The Cerbat Gem

Shares of Ibstock plc (LON:IBST – Get Free Report) passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 167.64 ($2.22) and traded as high as GBX 179.60 ($2.38). Ibstock shares last traded at GBX 179.20 ($2.38), with a volume of 389,305 shares.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft upped their price objective on Ibstock from GBX 225 ($2.99) to GBX 240 ($3.18) and gave the stock a “buy” rating in a research note on Thursday, February 20th.

View Our Latest Stock Analysis on IBST

Ibstock Stock Down 1.1 %

The business has a 50-day moving average of GBX 167.74 and a 200 day moving average of GBX 177.05. The company has a market capitalization of £698.19 million, a PE ratio of 95.94, 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 (LON:IBST – Get Free Report) last announced its quarterly earnings results on Thursday, March 6th. The company reported GBX 7.70 ($0.10) EPS for the quarter. Ibstock had a net margin of 2.01% and a return on equity of 1.83%. Equities research analysts predict that Ibstock plc will post 11.0089552 earnings per share for the current year.

Ibstock Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, May 30th. Investors of record on Thursday, May 8th will be given a GBX 2.50 ($0.03) dividend. This is a positive change from Ibstock’s previous dividend of $1.50. This represents a yield of 1.45%. The ex-dividend date is Thursday, May 8th. Ibstock’s dividend payout ratio is 270.70%.

About Ibstock

(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.

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