Ibstock (LON:IBST) Stock Keeps Hold Rating at Berenberg Bank

Ibstock (LON:IBST)‘s stock had its “hold” rating reissued by equities researchers at Berenberg Bank in a research report issued to clients and investors on Monday, October 5th, MarketBeat reports. They presently have a GBX 90 price target on the stock. Berenberg Bank’s price objective would suggest a potential upside of 16.35% from the company’s previous close.

A number of other brokerages have also weighed in on IBST. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a GBX 100 price objective on shares of Ibstock in a report on Thursday, August 6th. Peel Hunt reaffirmed a “buy” rating and set a GBX 125 target price on shares of Ibstock in a report on Wednesday, August 5th. Jefferies Financial Group reduced their price objective on Ibstock from GBX 115 to GBX 90 and set a “hold” rating on the stock in a research note on Monday, August 10th. Finally, Royal Bank Of Canada dropped their price objective on Ibstock from GBX 160 to GBX 130 and set an “outperform” rating for the company in a research note on Thursday, July 30th. Two 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 stock has a consensus rating of “Hold” and an average target price of GBX 107.

Ibstock Price Performance

Shares of LON IBST traded up GBX 0.15 during trading hours on Monday, reaching GBX 77.35. 562,447 shares of the stock traded hands, compared to its average volume of 4,938,558. The company’s 50-day simple moving average is GBX 83.63 and its two-hundred day simple moving average is GBX 93.34. The company has a market capitalization of £305.54 million, a P/E ratio of -13.57, a price-to-earnings-growth ratio of 0.47 and a beta of 0.84. Ibstock has a 52-week low of GBX 71.50 and a 52-week high of GBX 143.80. The company has a quick ratio of 1.19, a current ratio of 1.28 and a debt-to-equity ratio of 54.38.

Ibstock (LON:IBST) last issued its earnings results on Wednesday, August 5th. The company reported GBX 0.70 earnings per share (EPS) for the quarter. Ibstock had a negative return on equity of 6.19% and a negative net margin of 6.67%. Equities research analysts forecast that Ibstock will post 11.01 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.