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

Ibstock plc (LON:IBST) shares crossed 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.

Analyst Ratings Changes

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

Ibstock Stock Up 0.3 %

The company has a debt-to-equity ratio of 42.09, a current ratio of 1.50 and a quick ratio of 1.19. The firm’s 50 day moving average is GBX 153.42 and its two-hundred day moving average is GBX 144.45. The firm has a market capitalization of £584.59 million, a P/E ratio of 2,980.00, a PEG ratio of 0.66 and a beta of 1.35.

Ibstock Increases Dividend

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