Shares of Ibstock plc (LON:IBST) have earned an average recommendation of “Buy” from the seven brokerages that are covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is GBX 293.67 ($3.84).
IBST has been the subject of a number of research reports. UBS Group reiterated a “neutral” rating and issued a GBX 270 ($3.53) price objective on shares of Ibstock in a report on Wednesday, March 6th. Peel Hunt raised their price objective on shares of Ibstock from GBX 255 ($3.33) to GBX 280 ($3.66) and gave the company an “add” rating in a report on Tuesday, March 5th. Berenberg Bank raised their price target on shares of Ibstock from GBX 290 ($3.79) to GBX 310 ($4.05) and gave the stock a “buy” rating in a report on Wednesday, March 13th. Jefferies Financial Group restated a “buy” rating and set a GBX 293 ($3.83) price target on shares of Ibstock in a report on Tuesday, May 7th. Finally, Numis Securities lowered shares of Ibstock to a “hold” rating and set a GBX 270 ($3.53) price target for the company. in a report on Wednesday, April 3rd.
LON IBST traded down GBX 4 ($0.05) during trading hours on Friday, reaching GBX 246.40 ($3.22). The company’s stock had a trading volume of 596,461 shares, compared to its average volume of 1,100,000. The firm has a market cap of $1.01 billion and a PE ratio of 13.11. Ibstock has a 52 week low of GBX 190.70 ($2.49) and a 52 week high of GBX 305 ($3.99). The company has a debt-to-equity ratio of 18.85, a current ratio of 1.60 and a quick ratio of 0.87.
Ibstock (LON:IBST) last issued its quarterly earnings data on Tuesday, March 5th. The company reported GBX 18.80 ($0.25) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of GBX 18.60 ($0.24) by GBX 0.20 ($0.00). As a group, research analysts anticipate that Ibstock will post 2162.00001555035 earnings per share for the current fiscal year.
The company also recently declared a dividend, which will be paid on Friday, June 7th. Shareholders of record on Thursday, May 9th will be issued a dividend of GBX 6.50 ($0.08) per share. The ex-dividend date of this dividend is Thursday, May 9th. This represents a yield of 2.53%. Ibstock’s payout ratio is 0.53%.
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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