Insider Selling: Ibstock plc (LON:IBST) Insider Sells 2,000,000 Shares of Stock

Ibstock plc (LON:IBST) insider Kevin Sims sold 2,000,000 shares of the business’s stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of GBX 241 ($3.14), for a total transaction of £4,820,000 ($6,276,858.97).

Shares of Ibstock plc (LON IBST) opened at 226.20 on Friday. Ibstock plc has a 12 month low of GBX 156.64 and a 12 month high of GBX 261.00. The company’s market capitalization is GBX 919.26 million. The firm’s 50-day moving average is GBX 246.83 and its 200 day moving average is GBX 225.49.

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Several equities analysts recently commented on IBST shares. Berenberg Bank started coverage on shares of Ibstock plc in a research note on Friday, May 12th. They set a “buy” rating and a GBX 310 ($4.04) price objective for the company. Barclays PLC reiterated an “overweight” rating and set a GBX 245 ($3.19) target price on shares of Ibstock plc in a research report on Thursday, April 27th. Deutsche Bank AG reiterated a “buy” rating on shares of Ibstock plc in a research report on Wednesday, July 19th. BNP Paribas reiterated an “outperform” rating and set a GBX 265 ($3.45) target price on shares of Ibstock plc in a research report on Thursday, May 18th. Finally, Jefferies Group LLC lifted their target price on shares of Ibstock plc from GBX 240 ($3.13) to GBX 290 ($3.78) and gave the company a “buy” rating in a research report on Monday, June 26th. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of GBX 268.22 ($3.49).

Ibstock plc Company Profile

Ibstock plc is a United Kingdom-based company, which is engaged in manufacturing of clay bricks and concrete products. The Company’s segments are the UK and the US. The Company’s principal products include clay bricks, brick components, concrete stone masonry substitutes, concrete fencing, pre-stressed concrete products and concrete rail products.

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