Several other analysts have also recently weighed in on the stock. JPMorgan Chase & Co. lifted their price target on shares of Ibstock from GBX 300 ($4.14) to GBX 315 ($4.35) and gave the company an overweight rating in a report on Wednesday. Peel Hunt restated a hold rating and set a GBX 285 ($3.94) target price on shares of Ibstock in a report on Tuesday, March 6th. Numis Securities boosted their target price on shares of Ibstock from GBX 270 ($3.73) to GBX 288 ($3.98) and gave the company an add rating in a report on Tuesday, February 6th. Deutsche Bank restated a buy rating and set a GBX 292 ($4.03) target price on shares of Ibstock in a report on Tuesday, January 30th. Finally, Barclays restated an equal weight rating on shares of Ibstock in a report on Friday, January 19th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Ibstock presently has an average rating of Buy and a consensus price target of GBX 294.63 ($4.07).
Shares of Ibstock (LON IBST) opened at GBX 286.80 ($3.96) on Thursday. The firm has a market cap of $1,170.00 and a price-to-earnings ratio of 1,593.33. Ibstock has a fifty-two week low of GBX 197.50 ($2.73) and a fifty-two week high of GBX 299.10 ($4.13).
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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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