Brokerages Set Ibstock plc (LON:IBST) PT at GBX 220.80

Shares of Ibstock plc (LON:IBST) have earned an average rating of “Hold” from the five brokerages that are currently covering the company, MarketBeat reports. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is GBX 230.75 ($3.01).

A number of research firms have weighed in on IBST. JPMorgan Chase & Co. increased their price objective on Ibstock from GBX 226 ($2.95) to GBX 230 ($3.00) and gave the stock a “neutral” rating in a research report on Tuesday. Canaccord Genuity restated a “hold” rating and set a GBX 255 ($3.33) price target on shares of Ibstock in a research note on Friday, April 23rd. Finally, Berenberg Bank lifted their price objective on shares of Ibstock from GBX 230 ($3.00) to GBX 255 ($3.33) and gave the company a “hold” rating in a research report on Monday, April 26th.

Shares of Ibstock stock traded down GBX 0.60 ($0.01) during trading on Thursday, reaching GBX 214.40 ($2.80). The company’s stock had a trading volume of 669,360 shares, compared to its average volume of 1,151,803. The stock has a 50-day moving average price of GBX 219.84. Ibstock has a fifty-two week low of GBX 139.80 ($1.83) and a fifty-two week high of GBX 246.80 ($3.22). The company has a market capitalization of £878.14 million and a price-to-earnings ratio of -31.62. The company has a debt-to-equity ratio of 29.61, a quick ratio of 0.76 and a current ratio of 1.46.

Ibstock Company Profile

Ibstock plc manufactures and sells clay and concrete building products and solutions primarily in the United Kingdom. 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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Analyst Recommendations for Ibstock (LON:IBST)

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