Ibstock (LON:IBST) Shares Cross Below 50 Day Moving Average of $153.06

Ibstock plc (LON:IBST) shares crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 153.06 ($1.89) and traded as low as GBX 149.80 ($1.85). Ibstock shares last traded at GBX 149.80 ($1.85), with a volume of 1,545,871 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reaffirmed a “hold” rating and set a GBX 150 ($1.85) price target on shares of Ibstock in a research report on Thursday, March 7th.

Ibstock Stock Down 1.5 %

The company has a quick ratio of 1.19, a current ratio of 1.50 and a debt-to-equity ratio of 42.09. The company has a market capitalization of £579.09 million, a PE ratio of 2,996.00, a P/E/G ratio of 0.66 and a beta of 1.35. The stock has a 50-day moving average of GBX 153.06 and a 200 day moving average of GBX 144.78.

Ibstock Increases Dividend

The company also recently announced a dividend, which will be paid on Friday, May 31st. Shareholders of record on Thursday, May 9th will be given a GBX 3.60 ($0.04) dividend. This is an increase from Ibstock’s previous dividend of $3.40. This represents a yield of 2.25%. The ex-dividend date is Thursday, May 9th. Ibstock’s dividend payout ratio (DPR) is currently 14,000.00%.

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.