Peel Hunt reaffirmed their add rating on shares of Ibstock (LON:IBST) in a research note published on Tuesday, ThisIsMoney.Co.Uk reports.
Other analysts have also issued reports about the company. JPMorgan Chase & Co. cut their price objective on Ibstock from GBX 300 ($3.92) to GBX 290 ($3.79) and set an overweight rating for the company in a report on Thursday, July 25th. Numis Securities reissued an add rating on shares of Ibstock in a research report on Thursday, May 16th. Berenberg Bank lowered their target price on shares of Ibstock from GBX 310 ($4.05) to GBX 300 ($3.92) and set a buy rating on the stock in a research report on Friday, August 2nd. Jefferies Financial Group reissued a buy rating on shares of Ibstock in a research report on Tuesday, June 25th. Finally, UBS Group raised shares of Ibstock to a buy rating and lowered their target price for the stock from GBX 270 ($3.53) to GBX 260 ($3.40) in a research report on Monday, August 5th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company has an average rating of Buy and an average price target of GBX 282.17 ($3.69).
Shares of LON:IBST opened at GBX 212 ($2.77) on Tuesday. The company has a current ratio of 1.68, a quick ratio of 0.99 and a debt-to-equity ratio of 28.00. Ibstock has a 1 year low of GBX 190.70 ($2.49) and a 1 year high of GBX 265.60 ($3.47). The business has a fifty day simple moving average of GBX 226.17 and a 200 day simple moving average of GBX 242. The firm has a market cap of $867.49 million and a price-to-earnings ratio of 12.85.
In other Ibstock news, insider Claire Hawkings bought 10,000 shares of the stock in a transaction on Tuesday, August 20th. The shares were purchased at an average cost of GBX 213 ($2.78) per share, with a total value of £21,300 ($27,832.22).
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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