Ibstock plc (IBST) Receives Average Recommendation of “Buy” from Brokerages

Ibstock plc (LON:IBST) has been given an average rating of “Buy” by the seven ratings firms that are currently covering the firm, MarketBeat reports. Three research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month price target among analysts that have covered the stock in the last year is GBX 292.71 ($3.82).

IBST has been the topic of a number of recent research reports. UBS Group reaffirmed a “neutral” rating and set a GBX 270 ($3.53) price target on shares of Ibstock in a research report on Wednesday, March 6th. Peel Hunt upped their target price on Ibstock from GBX 255 ($3.33) to GBX 280 ($3.66) and gave the stock an “add” rating in a research note on Tuesday, March 5th. Berenberg Bank upped their target price on Ibstock from GBX 290 ($3.79) to GBX 310 ($4.05) and gave the stock a “buy” rating in a research note on Wednesday, March 13th. Finally, JPMorgan Chase & Co. cut their price objective on Ibstock from GBX 315 ($4.12) to GBX 295 ($3.85) and set an “overweight” rating for the company in a report on Friday, January 18th.

IBST traded up GBX 6.80 ($0.09) during trading hours on Thursday, reaching GBX 249.40 ($3.26). The company’s stock had a trading volume of 1,369,924 shares, compared to its average volume of 1,100,000. The company has a current ratio of 1.60, a quick ratio of 0.92 and a debt-to-equity ratio of 18.85. The stock has a market cap of $1.02 billion and a PE ratio of 13.27. Ibstock has a 52 week low of GBX 190.70 ($2.49) and a 52 week high of GBX 305.80 ($4.00).

Ibstock (LON:IBST) last announced its quarterly earnings results on Tuesday, March 5th. The company reported GBX 18.80 ($0.25) EPS for the quarter, beating the Zacks’ consensus estimate of GBX 18.60 ($0.24) by GBX 0.20 ($0.00). Equities analysts forecast that Ibstock will post 2162.00003504115 earnings per share for the current year.

The business also recently announced a dividend, which will be paid on Friday, June 7th. Investors of record on Thursday, May 9th will be issued a dividend of GBX 6.50 ($0.08) per share. This represents a yield of 2.53%. The ex-dividend date of this dividend is Thursday, May 9th. Ibstock’s dividend payout ratio is presently 0.53%.

Ibstock Company Profile

Ibstock plc manufactures and sells clay and concrete products in the United Kingdom and the United States. Its principal products include clay bricks, brick components, concrete roof tiles, concrete stone masonry substitutes, concrete fencing, pre-stressed concrete, and concrete rail products. The company also provides concrete lintels; precast and pre-stressed concrete products; and architectural masonry, landmark stone and walling stones.

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Analyst Recommendations for Ibstock (LON:IBST)

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