Deutsche Bank Aktiengesellschaft Cuts Ibstock (LON:IBST) Price Target to GBX 110

Ibstock (LON:IBST) had its price target cut by Deutsche Bank Aktiengesellschaft from GBX 144 to GBX 110 in a report issued on Tuesday, Marketbeat reports. They currently have a hold rating on the stock.

A number of other research firms have also recently commented on IBST. Berenberg Bank lowered their target price on Ibstock from GBX 150 to GBX 135 and set a “hold” rating for the company in a research note on Wednesday, January 21st. Jefferies Financial Group reduced their price target on Ibstock from GBX 165 to GBX 145 and set a “buy” rating on the stock in a research note on Monday, February 9th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Ibstock presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 140.

Ibstock Price Performance

IBST stock opened at GBX 104.80 on Tuesday. The company has a debt-to-equity ratio of 44.59, a current ratio of 1.33 and a quick ratio of 1.19. Ibstock has a 1 year low of GBX 97 and a 1 year high of GBX 200.50. The firm has a 50-day moving average of GBX 122.78 and a 200 day moving average of GBX 130.39. The company has a market cap of £413.65 million, a P/E ratio of 34.93, a PEG ratio of 0.47 and a beta of 0.74.

Ibstock (LON:IBST) last posted its quarterly earnings data on Thursday, March 5th. The company reported GBX 5.70 earnings per share for the quarter. Ibstock had a return on equity of 0.79% and a net margin of 0.83%. On average, sell-side analysts forecast that Ibstock will post 11.0089552 EPS for the current year.

Insider Buying and Selling at Ibstock

In other Ibstock news, insider Joe Hudson sold 64,484 shares of the firm’s stock in a transaction that occurred on Monday, March 23rd. The shares were sold at an average price of GBX 103, for a total transaction of £66,418.52. Corporate insiders own 2.26% of the company’s stock.

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.