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

Ibstock (LON:IBST)‘s stock had its “hold” rating reiterated by Berenberg Bank in a research note issued to investors on Monday, Marketbeat Ratings reports. They presently have a GBX 90 target price on the stock. Berenberg Bank’s price objective would suggest a potential upside of 17.60% from the company’s previous close.

Several other brokerages also recently weighed in on IBST. Royal Bank Of Canada cut their price target on Ibstock from GBX 160 to GBX 130 and set an “outperform” rating for the company in a report on Thursday, July 30th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a GBX 100 price objective on shares of Ibstock in a research report on Thursday, August 6th. Peel Hunt reiterated a “buy” rating and issued a GBX 125 target price on shares of Ibstock in a research note on Wednesday, August 5th. Finally, Jefferies Financial Group reduced their target price on Ibstock from GBX 115 to GBX 90 and set a “hold” rating on the stock in a research report on Monday, August 10th. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Ibstock presently has an average rating of “Hold” and an average price target of GBX 107.

Ibstock Price Performance

Ibstock stock opened at GBX 76.53 on Monday. 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. The firm’s 50-day simple moving average is GBX 84.33 and its 200 day simple moving average is GBX 93.71. The firm has a market capitalization of £302.31 million, a PE ratio of -13.43, a P/E/G ratio of 0.47 and a beta of 0.84.

Ibstock (LON:IBST) last issued its quarterly earnings data on Wednesday, August 5th. The company reported GBX 0.70 EPS for the quarter. Ibstock had a negative net margin of 6.67% and a negative return on equity of 6.19%. On average, equities research analysts predict that Ibstock will post 11.0089552 EPS for the current fiscal year.

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.