Ibstock (LON:IBST) Stock Gets Price Target Trim from Berenberg Bank

Ibstock (LON:IBST) had its target price decreased by Berenberg Bank from GBX 90 to GBX 75 in a report released on Tuesday morning,Digital Look reports. Berenberg Bank currently has a hold rating on the stock.

Several other research firms have also recently commented on IBST. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a GBX 100 target price on shares of Ibstock in a research note on Thursday, August 6th. Peel Hunt reiterated a “buy” rating and issued a GBX 125 price target on shares of Ibstock in a research report on Wednesday, August 5th. Jefferies Financial Group dropped their price objective on shares of Ibstock from GBX 115 to GBX 90 and set a “hold” rating for the company in a report on Monday, August 10th. Finally, Royal Bank Of Canada lowered their target price 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 research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of GBX 104.

Ibstock Trading Up 1.8%

Ibstock stock opened at GBX 77.65 on Tuesday. The company’s fifty day simple moving average is GBX 80.02 and its 200-day simple moving average is GBX 98.58. Ibstock has a 12 month low of GBX 68.80 and a 12 month high of GBX 143.80. The stock has a market cap of £306.73 million, a P/E ratio of -13.62, a P/E/G ratio of 0.47 and a beta of 0.84. 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 posted its earnings results on Wednesday, August 5th. The company reported GBX 0.70 earnings per share (EPS) for the quarter. Ibstock had a negative net margin of 6.67% and a negative return on equity of 6.19%. As a group, sell-side analysts forecast that Ibstock will post 11.01 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.