Ibstock’s (IBST) “Hold” Rating Reaffirmed at Berenberg Bank

Berenberg Bank reiterated their hold rating on shares of Ibstock (LON:IBST) in a research report released on Monday morning, MarketBeat reports. Berenberg Bank currently has a GBX 90 price target on the stock.

IBST has been the topic of several other reports. Jefferies Financial Group decreased their price objective on shares of Ibstock from GBX 115 to GBX 90 and set a “hold” rating on the stock in a report on Monday, August 10th. Royal Bank Of Canada cut their target price on shares of Ibstock from GBX 160 to GBX 130 and set an “outperform” rating for the company in a research note on Thursday, July 30th. Peel Hunt reaffirmed a “buy” rating and set a GBX 125 target price on shares of Ibstock in a report on Wednesday, August 5th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a GBX 100 price target on shares of Ibstock in a research note on Thursday, August 6th. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of GBX 107.

Ibstock Stock Down 3.4%

IBST stock opened at GBX 79 on Monday. The company has a current ratio of 1.28, a quick ratio of 1.19 and a debt-to-equity ratio of 54.38. The firm has a market capitalization of £312.06 million, a PE ratio of -13.86, a PEG ratio of 0.47 and a beta of 0.84. Ibstock has a 1-year low of GBX 71.50 and a 1-year high of GBX 143.80. The business’s 50 day simple moving average is GBX 84.96 and its 200 day simple moving average is GBX 94.05.

Ibstock (LON:IBST) last posted its quarterly earnings results on Wednesday, August 5th. The company reported GBX 0.70 earnings per share for the quarter. Ibstock had a negative return on equity of 6.19% and a negative net margin of 6.67%. As a group, research analysts anticipate that Ibstock will post 11.0089552 EPS for the current year.

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.