Ibstock (LON:IBST) Hits New 12-Month High – Still a Buy?

Ibstock plc (LON:IBST)’s stock price reached a new 52-week high during mid-day trading on Friday . The company traded as high as GBX 200 ($2.60) and last traded at GBX 199.25 ($2.59), with a volume of 5997 shares changing hands. The stock had previously closed at GBX 198.80 ($2.58).

Analysts Set New Price Targets

Separately, Royal Bank of Canada reaffirmed an “outperform” rating and issued a GBX 200 ($2.60) target price on shares of Ibstock in a research report on Thursday, July 4th.

Ibstock Trading Up 1.3 %

The company has a debt-to-equity ratio of 46.91, a current ratio of 1.37 and a quick ratio of 1.19. The business has a 50-day moving average of GBX 185.34 and a 200-day moving average of GBX 172.16. The firm has a market cap of £793.63 million, a price-to-earnings ratio of 10,075.00, a P/E/G ratio of 0.47 and a beta of 1.34.

Ibstock Cuts Dividend

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

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.