Ibstock (LON:IBST) Share Price Passes Below 50-Day Moving Average of $153.67

Shares of Ibstock plc (LON:IBST) passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 153.67 ($1.91) and traded as low as GBX 146.20 ($1.82). Ibstock shares last traded at GBX 148.40 ($1.85), with a volume of 1,210,457 shares.

Analysts Set New Price Targets

Separately, Berenberg Bank reissued a “hold” rating and set a GBX 150 ($1.87) price objective on shares of Ibstock in a report on Thursday, March 7th.

Ibstock Stock Up 0.3 %

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 firm has a market cap of £584.59 million, a PE ratio of 2,980.00, a P/E/G ratio of 0.66 and a beta of 1.35. The firm’s 50 day moving average is GBX 153.42 and its 200-day moving average is GBX 144.45.

Ibstock Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, May 31st. Investors of record on Thursday, May 9th will be given a dividend of GBX 3.60 ($0.04) per share. This is a positive change from Ibstock’s previous dividend of $3.40. The ex-dividend date of this dividend is Thursday, May 9th. This represents a yield of 2.25%. Ibstock’s dividend payout ratio is 14,000.00%.

Ibstock Company Profile

Ibstock plc manufactures and sells clay and concrete building products and solutions 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; retaining walls, such as stepoc, slopeloc, and keystone.