Ibstock (LON:IBST) had its target price cut by Berenberg Bank from GBX 310 ($4.05) to GBX 300 ($3.92) in a research note released on Friday, Digital Look reports. They currently have a buy rating on the stock.
Several other equities research analysts have also commented on IBST. UBS Group raised Ibstock to a buy rating and decreased their price target for the stock from GBX 270 ($3.53) to GBX 260 ($3.40) in a research note on Monday. Jefferies Financial Group reissued a buy rating on shares of Ibstock in a research note on Tuesday, June 25th. JPMorgan Chase & Co. decreased their price target on Ibstock from GBX 300 ($3.92) to GBX 290 ($3.79) and set an overweight rating on the stock in a research note on Thursday, July 25th. Numis Securities reissued an add rating on shares of Ibstock in a research note on Thursday, May 16th. Finally, Peel Hunt reissued an add rating on shares of Ibstock in a research note on Monday, July 29th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Ibstock presently has an average rating of Buy and a consensus price target of GBX 286 ($3.74).
IBST stock traded down GBX 1.40 ($0.02) during trading on Friday, hitting GBX 211.40 ($2.76). The company had a trading volume of 1,033,523 shares, compared to its average volume of 1,100,000. The company has a debt-to-equity ratio of 18.85, a quick ratio of 0.87 and a current ratio of 1.60. The company has a 50-day simple moving average of GBX 239. Ibstock has a 1-year low of GBX 190.70 ($2.49) and a 1-year high of GBX 265.60 ($3.47). The stock has a market cap of $861.66 million and a price-to-earnings ratio of 11.24.
Ibstock Company Profile
Ibstock plc manufactures and sells a range of 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.
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