Ibstock (LON:IBST) Share Price Passes Above Fifty Day Moving Average of $180.35

Ibstock plc (LON:IBSTGet Rating) crossed above its 50 day moving average during trading on Friday . The stock has a 50 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.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank increased their target price on Ibstock from GBX 200 ($2.45) to GBX 210 ($2.57) and gave the stock a “hold” rating in a research note on Thursday, July 28th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of GBX 238.40 ($2.92).

Ibstock Stock Down 1.0 %

The company has a market capitalization of £822.53 million and a P/E ratio of 1,357.33. The firm’s 50 day moving average price is GBX 180.35 and its two-hundred day moving average price is GBX 181.08. The company has a current ratio of 1.79, a quick ratio of 1.19 and a debt-to-equity ratio of 29.35.

Ibstock Cuts Dividend

The firm also recently declared a dividend, which will be paid on Tuesday, September 13th. Stockholders of record on Thursday, August 18th will be paid a dividend of GBX 3.30 ($0.04) per share. The ex-dividend date is Thursday, August 18th. This represents a dividend yield of 1.84%. Ibstock’s dividend payout ratio is currently 5,333.33%.

About Ibstock

(Get Rating)

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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