Shares of Ibstock plc (LON:IBST) hit a new 52-week high during trading on Friday . The stock traded as high as GBX 265 ($3.57) and last traded at GBX 265 ($3.57), with a volume of 958855 shares trading hands. The stock had previously closed at GBX 241.30 ($3.25).

IBST has been the subject of several research reports. Deutsche Bank reduced their target price on Ibstock from GBX 299 ($4.02) to GBX 292 ($3.93) and set a “buy” rating for the company in a research note on Monday, November 20th. Jefferies Group reiterated a “buy” rating and set a GBX 300 ($4.04) price target on shares of Ibstock in a research note on Tuesday, September 19th. Peel Hunt upgraded Ibstock to a “buy” rating and lifted their price target for the company from GBX 265 ($3.57) to GBX 285 ($3.84) in a research note on Wednesday, December 6th. Finally, Barclays downgraded Ibstock to an “equal weight” rating and set a GBX 245 ($3.30) price target for the company. in a research note on Wednesday, September 20th. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of GBX 269.67 ($3.63).

The company has a market cap of $1,060.00 and a PE ratio of 1,204.55.

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About Ibstock

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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