Ibstock plc (LON:IBST) Plans Dividend of GBX 1.50

Ibstock plc (LON:IBST) announced a dividend on Wednesday, August 7th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, August 22nd will be paid a dividend of GBX 1.50 ($0.02) per share on Friday, September 13th. This represents a dividend yield of 0.87%. The ex-dividend date is Thursday, August 22nd. The official announcement can be viewed at this link.

Ibstock Stock Up 0.2 %

Ibstock stock opened at GBX 184.80 ($2.40) on Wednesday. The stock has a fifty day moving average of GBX 175.01 and a 200 day moving average of GBX 161.68. The company has a debt-to-equity ratio of 46.91, a quick ratio of 1.19 and a current ratio of 1.37. The stock has a market cap of £726.29 million, a PE ratio of 9,239.30, a price-to-earnings-growth ratio of 0.63 and a beta of 1.36. Ibstock has a one year low of GBX 118 ($1.53) and a one year high of GBX 197.60 ($2.57).

Insider Buying and Selling at Ibstock

In related news, insider Chris McLeish sold 29,893 shares of the stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of GBX 156 ($2.03), for a total value of £46,633.08 ($60,593.92). 0.32% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

IBST has been the subject of several analyst reports. Royal Bank of Canada restated an “outperform” rating and issued a GBX 200 ($2.60) price objective on shares of Ibstock in a research note on Thursday, July 4th. Berenberg Bank reiterated a “hold” rating and issued a GBX 150 ($1.95) price target on shares of Ibstock in a research note on Thursday, April 25th. Finally, Jefferies Financial Group boosted their price objective on Ibstock from GBX 143 ($1.86) to GBX 150 ($1.95) and gave the company a “hold” rating in a research report on Thursday, June 27th.

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.