Ibstock plc (LON:IBST) hit a new 52-week high during trading on Monday . The stock traded as high as GBX 269.80 ($3.66) and last traded at GBX 266.60 ($3.62), with a volume of 332478 shares traded. The stock had previously closed at GBX 266.60 ($3.62).
Several brokerages have commented on IBST. Deutsche Bank restated a “buy” rating and set a GBX 292 ($3.96) target price on shares of Ibstock in a research report on Monday. Peel Hunt upgraded shares of Ibstock to a “buy” rating and boosted their target price for the stock from GBX 265 ($3.59) to GBX 285 ($3.86) in a research report on Wednesday, December 6th. Barclays lowered shares of Ibstock to an “equal weight” rating and set a GBX 245 ($3.32) target price on the stock. in a research report on Wednesday, September 20th. Finally, Jefferies Group restated a “buy” rating and set a GBX 300 ($4.07) target price on shares of Ibstock in a research report on Tuesday, September 19th. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of GBX 269.67 ($3.66).
The firm has a market cap of $1,090.00 and a PE ratio of 1,211.82.
Ibstock Company Profile
Ibstock plc is a United Kingdom-based company, which is engaged in manufacturing of clay bricks and concrete products. The Company’s segments are the UK and the US. The Company’s principal products include clay bricks, brick components, concrete stone masonry substitutes, concrete fencing, pre-stressed concrete products and concrete rail products.
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