Jefferies Financial Group Has Lowered Expectations for Ibstock (LON:IBST) Stock Price

Ibstock (LON:IBST) had its target price dropped by analysts at Jefferies Financial Group from GBX 165 to GBX 145 in a research report issued to clients and investors on Monday,London Stock Exchange reports. The firm currently has a “buy” rating on the stock. Jefferies Financial Group’s price objective points to a potential upside of 9.19% from the company’s current price.

Other research analysts have also issued research reports about the company. Berenberg Bank reduced their price target on Ibstock from GBX 150 to GBX 135 and set a “hold” rating on the stock in a research note on Wednesday, January 21st. Royal Bank Of Canada reduced their target price on shares of Ibstock from GBX 210 to GBX 170 and set an “outperform” rating on the stock in a research report on Wednesday, October 15th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of GBX 160.

Ibstock Stock Up 2.5%

IBST stock opened at GBX 132.80 on Monday. The company has a market cap of £524.17 million, a P/E ratio of 44.27, a P/E/G ratio of 0.47 and a beta of 1.34. The company has a current ratio of 1.37, a quick ratio of 1.19 and a debt-to-equity ratio of 46.91. The company’s 50-day moving average price is GBX 134.58 and its 200 day moving average price is GBX 136.11. Ibstock has a 52 week low of GBX 113.78 and a 52 week high of GBX 200.50.

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.