Ibstock (LON:IBST) Stock Keeps Hold Rating at Berenberg Bank

Ibstock (LON:IBST)‘s stock had its “hold” rating reissued by research analysts at Berenberg Bank in a research report issued to clients and investors on Monday, October 5th, MarketBeat reports. They presently have a GBX 90 price objective on the stock. Berenberg Bank’s price objective suggests a potential upside of 16.35% from the stock’s previous close.

Several other brokerages have also recently commented on IBST. Peel Hunt reaffirmed a “buy” rating and set a GBX 125 target price on shares of Ibstock in a report on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a GBX 100 target price on shares of Ibstock in a report on Thursday, August 6th. Royal Bank Of Canada dropped their price target on Ibstock from GBX 160 to GBX 130 and set an “outperform” rating for the company in a research note on Thursday, July 30th. Finally, Jefferies Financial Group cut their target price on shares of Ibstock from GBX 115 to GBX 90 and set a “hold” rating on the stock in a research report on Monday, August 10th. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, Ibstock presently has an average rating of “Hold” and a consensus target price of GBX 107.

Ibstock Stock Up 0.2%

LON:IBST traded up GBX 0.15 during trading hours on Monday, reaching GBX 77.35. 562,447 shares of the stock were exchanged, compared to its average volume of 4,938,558. The stock has a market cap of £305.54 million, a PE ratio of -13.57, a PEG ratio of 0.47 and a beta of 0.84. Ibstock has a twelve month low of GBX 71.50 and a twelve month high of GBX 143.80. The firm has a 50 day moving average of GBX 83.63 and a 200 day moving average of GBX 93.34. The company has a debt-to-equity ratio of 54.38, a current ratio of 1.28 and a quick ratio of 1.19.

Ibstock (LON:IBST) last announced its quarterly earnings data on Wednesday, August 5th. The company reported GBX 0.70 earnings per share (EPS) for the quarter. Ibstock had a negative return on equity of 6.19% and a negative net margin of 6.67%. On average, equities analysts expect that Ibstock will post 11.01 earnings per share for the current year.

Ibstock Company Profile

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.