Ibstock’s (IBST) “Add” Rating Reaffirmed at Peel Hunt
Peel Hunt reaffirmed their add rating on shares of Ibstock (LON:IBST) in a research note issued to investors on Thursday, ThisIsMoney.Co.Uk reports.
A number of other equities research analysts have also weighed in on the stock. Deutsche Bank assumed coverage on shares of Ibstock in a report on Friday, December 6th. They issued a buy rating and a GBX 289 ($3.80) target price on the stock. UBS Group decreased their price objective on shares of Ibstock from GBX 310 ($4.08) to GBX 300 ($3.95) and set a neutral rating for the company in a research note on Wednesday, January 22nd. Canaccord Genuity reiterated a hold rating and issued a GBX 260 ($3.42) price objective on shares of Ibstock in a research note on Tuesday, November 19th. Jefferies Financial Group increased their price objective on shares of Ibstock from GBX 268 ($3.53) to GBX 310 ($4.08) and gave the company a hold rating in a research note on Wednesday, February 5th. Finally, Berenberg Bank increased their price objective on shares of Ibstock from GBX 310 ($4.08) to GBX 340 ($4.47) and gave the company a buy rating in a research note on Friday, January 24th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus target price of GBX 292.38 ($3.85).
Shares of IBST traded up GBX 5 ($0.07) on Thursday, reaching GBX 317.60 ($4.18). The company’s stock had a trading volume of 2,503,530 shares, compared to its average volume of 1,100,000. The company has a current ratio of 1.68, a quick ratio of 0.99 and a debt-to-equity ratio of 28.00. Ibstock has a twelve month low of GBX 207 ($2.72) and a twelve month high of GBX 323.98 ($4.26). The stock has a market capitalization of $1.30 billion and a PE ratio of 19.25. The firm has a fifty day moving average of GBX 302.12 and a 200-day moving average of GBX 258.28.
Ibstock plc manufactures and sells a range of clay and concrete products in the United Kingdom and the United States. Its principal products include clay bricks, brick components, concrete roof tiles, concrete stone masonry substitutes, concrete fencing, pre-stressed concrete, and concrete rail products.
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