Ibstock (LON:IBST) Sets New 1-Year High – Time to Buy?

Ibstock plc (LON:IBST)’s share price hit a new 52-week high during trading on Thursday . The company traded as high as GBX 212 ($2.75) and last traded at GBX 208.50 ($2.70), with a volume of 3603014 shares traded. The stock had previously closed at GBX 201 ($2.61).

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada restated an “outperform” rating and set a GBX 200 ($2.59) target price on shares of Ibstock in a research note on Thursday, July 4th.

Ibstock Stock Performance

The firm has a 50 day moving average of GBX 186.05 and a two-hundred day moving average of GBX 173.06. The stock has a market cap of £807.41 million, a PE ratio of 10,425.00, a PEG ratio of 0.47 and a beta of 1.34. The company has a debt-to-equity ratio of 46.91, a current ratio of 1.37 and a quick ratio of 1.19.

Ibstock Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, September 13th. Investors of record on Thursday, August 22nd were paid a dividend of GBX 1.50 ($0.02) per share. This represents a yield of 0.87%. The ex-dividend date of this dividend was Thursday, August 22nd. Ibstock’s payout ratio is 25,000.00%.

Ibstock Company Profile

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.