Ibstock’s (IBST) “Hold” Rating Reaffirmed 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, MarketBeat reports. They presently have a GBX 90 price objective on the stock. Berenberg Bank’s price objective would suggest a potential upside of 19.13% from the stock’s previous close.

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

Ibstock Price Performance

Shares of IBST opened at GBX 75.55 on Monday. Ibstock has a 1 year low of GBX 71.50 and a 1 year high of GBX 143.80. The stock has a market cap of £298.43 million, a P/E ratio of -13.25, a price-to-earnings-growth ratio of 0.47 and a beta of 0.84. The company has a current ratio of 1.28, a quick ratio of 1.19 and a debt-to-equity ratio of 54.38. The stock’s 50-day moving average price is GBX 84.33 and its two-hundred day moving average price is GBX 93.71.

Ibstock (LON:IBST) last released 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 analysts predict that Ibstock will post 11.0089552 earnings per share 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.