Ibstock plc (LON:IBST) Given Consensus Recommendation of “Buy” by Analysts

Share on StockTwits

Shares of Ibstock plc (LON:IBST) have received an average rating of “Buy” from the eight brokerages that are currently covering the company, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is GBX 281.75 ($3.68).

Several brokerages have recently issued reports on IBST. Jefferies Financial Group cut shares of Ibstock to a “hold” rating and lowered their target price for the company from GBX 293 ($3.83) to GBX 268 ($3.50) in a report on Monday, December 2nd. Berenberg Bank upped their target price on shares of Ibstock from GBX 300 ($3.92) to GBX 310 ($4.05) and gave the company a “buy” rating in a report on Wednesday, October 16th. UBS Group restated a “buy” rating on shares of Ibstock in a report on Thursday, September 19th. Peel Hunt restated an “add” rating on shares of Ibstock in a report on Monday, November 18th. Finally, Deutsche Bank began coverage on shares of Ibstock in a report on Friday. They issued a “buy” rating and a GBX 289 ($3.78) target price for the company.

Shares of Ibstock stock traded up GBX 4 ($0.05) during trading hours on Tuesday, hitting GBX 267.20 ($3.49). The company had a trading volume of 1,021,114 shares, compared to its average volume of 1,100,000. The company’s 50-day moving average is GBX 254.14 and its two-hundred day moving average is GBX 238.57. Ibstock has a twelve month low of GBX 190.70 ($2.49) and a twelve month high of GBX 267.80 ($3.50). The company has a debt-to-equity ratio of 28.00, a current ratio of 1.68 and a quick ratio of 0.99. The company has a market cap of $1.09 billion and a P/E ratio of 16.19.

Ibstock Company Profile

Ibstock plc manufactures and sells a range of clay and concrete products in the United Kingdom and the United States. Its principal products include clay bricks, brick components, concrete roof tiles, concrete stone masonry substitutes, concrete fencing, pre-stressed concrete, and concrete rail products.

Recommended Story: What are catch-up contributions?

Analyst Recommendations for Ibstock (LON:IBST)

Receive News & Ratings for Ibstock Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ibstock and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


 
© 2006-2020 BBNS.