Ibstock (LON:IBST) Stock Passes Above Fifty Day Moving Average of $166.11

Ibstock plc (LON:IBST – Get Rating)’s share price crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 166.11 ($2.02) and traded as high as GBX 178.80 ($2.18). Ibstock shares last traded at GBX 174.90 ($2.13), with a volume of 1,990,602 shares.

Analysts Set New Price Targets

Several brokerages have issued reports on IBST. Berenberg Bank reiterated a “hold” rating and set a GBX 180 ($2.19) target price on shares of Ibstock in a report on Monday, February 20th. Peel Hunt reiterated a “buy” rating and set a GBX 230 ($2.80) target price on shares of Ibstock in a report on Wednesday, March 8th.

Ibstock Stock Up 3.7 %

The firm has a market capitalization of £687.08 million, a P/E ratio of 1,166.00, a PEG ratio of 0.66 and a beta of 1.36. The company has a debt-to-equity ratio of 29.34, a quick ratio of 1.19 and a current ratio of 1.78. The business’s fifty day moving average price is GBX 166.11 and its two-hundred day moving average price is GBX 165.52.

Ibstock Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, May 12th. Stockholders of record on Thursday, April 20th will be issued a GBX 5.50 ($0.07) dividend. This is a boost from Ibstock’s previous dividend of $3.30. This represents a dividend yield of 3.39%. The ex-dividend date of this dividend is Thursday, April 20th. Ibstock’s dividend payout ratio (DPR) is currently 5,333.33%.

Ibstock Company Profile

(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.