Royal Bank Of Canada Cuts Ibstock (LON:IBST) Price Target to GBX 130

Ibstock (LON:IBST) had its price objective lowered by analysts at Royal Bank Of Canada from GBX 160 to GBX 130 in a note issued to investors on Thursday,Digital Look reports. The firm currently has an “outperform” rating on the stock. Royal Bank Of Canada’s target price would indicate a potential upside of 36.11% from the company’s current price.

IBST has been the topic of several other reports. Berenberg Bank cut their target price on shares of Ibstock from GBX 135 to GBX 120 and set a “hold” rating on the stock in a research note on Friday, May 22nd. Jefferies Financial Group dropped their price target on shares of Ibstock from GBX 133 to GBX 127 and set a “buy” rating for the company in a research note on Monday, April 20th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of GBX 121.75.

Ibstock Stock Up 2.2%

Shares of IBST opened at GBX 95.51 on Thursday. The stock has a market capitalization of £377.28 million, a PE ratio of 119.39, a P/E/G ratio of 0.47 and a beta of 0.86. Ibstock has a 1 year low of GBX 87.65 and a 1 year high of GBX 159.80. The company has a debt-to-equity ratio of 44.59, a quick ratio of 1.19 and a current ratio of 1.33. The company’s 50-day simple moving average is GBX 94.94 and its 200-day simple moving average is GBX 108.43.

About Ibstock

Ibstock plc manufactures and sells clay and concrete building products and solutions to customers in the residential construction sector in the United Kingdom. The company offers bricks and masonry, which includes facing and engineering bricks, brick slips, special shaped bricks, walling stone, architectural masonry, prefabricated components, eco-habitats, and padstones and lintels, as well as façade systems; roofing products comprising roof tiles and accessories, and chimneys; and flooring and lintels, such as beam and block flooring, insulated flooring, hollowcore, and screed rails.