Ibstock (LON:IBST) Reaches New 1-Year High – Still a Buy?

Ibstock plc (LON:IBST) hit a new 52-week high on Thursday . The stock 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).

Ibstock Stock Performance

The firm has a market capitalization of £787.72 million, a PE ratio of 10,000.00, a P/E/G ratio of 0.47 and a beta of 1.34. The business has a 50-day simple moving average of GBX 186.82 and a 200-day simple moving average of GBX 173.49. 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 business also recently declared a dividend, which was paid on Friday, September 13th. Investors of record on Thursday, August 22nd were given a GBX 1.50 ($0.02) dividend. The ex-dividend date of this dividend was Thursday, August 22nd. This represents a yield of 0.87%. Ibstock’s dividend payout ratio is presently 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.