Ibstock (LON:IBST) Price Target Cut to GBX 135 by Analysts at Berenberg Bank

Ibstock (LON:IBST) had its target price lowered by analysts at Berenberg Bank from GBX 150 to GBX 135 in a research report issued to clients and investors on Wednesday,Digital Look reports. The firm presently has a “hold” rating on the stock. Berenberg Bank’s target price would suggest a potential upside of 2.27% from the stock’s current price.

Several other equities analysts have also commented on the stock. Royal Bank Of Canada decreased their price objective on shares of Ibstock from GBX 210 to GBX 170 and set an “outperform” rating for the company in a research report on Wednesday, October 15th. Jefferies Financial Group cut their price target on shares of Ibstock from GBX 188 to GBX 143 and set a “buy” rating on the stock in a research note on Monday, October 20th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Ibstock from GBX 210 to GBX 190 and set a “buy” rating on the stock in a report on Friday, October 10th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, Ibstock presently has a consensus rating of “Moderate Buy” and an average price target of GBX 159.50.

Ibstock Stock Up 0.9%

IBST stock traded up GBX 1.20 on Wednesday, hitting GBX 132. 20,878,602 shares of the company’s stock were exchanged, compared to its average volume of 2,861,549. The firm has a 50 day moving average price of GBX 134.68 and a two-hundred day moving average price of GBX 137.98. Ibstock has a 12-month low of GBX 113.78 and a 12-month high of GBX 200.50. The stock has a market cap of £520.98 million, a P/E ratio of 44.00, a price-to-earnings-growth ratio of 0.47 and a beta of 1.34. The company has a debt-to-equity ratio of 46.91, a quick ratio of 1.19 and a current ratio of 1.37.

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.