Ibstock (LON:IBST)‘s stock had its “add” rating reissued by research analysts at Peel Hunt in a note issued to investors on Friday, ThisIsMoney.Co.Uk reports.
A number of other brokerages have also weighed in on IBST. UBS Group reiterated a “neutral” rating and issued a GBX 270 ($3.53) price objective on shares of Ibstock in a research report on Wednesday, March 6th. JPMorgan Chase & Co. lifted their price objective on Ibstock from GBX 295 ($3.85) to GBX 300 ($3.92) and gave the stock an “overweight” rating in a research report on Wednesday, March 6th. Berenberg Bank lifted their price objective on Ibstock from GBX 290 ($3.79) to GBX 310 ($4.05) and gave the stock a “buy” rating in a research report on Wednesday, March 13th. Numis Securities lowered Ibstock to a “hold” rating and set a GBX 270 ($3.53) price objective on the stock. in a research report on Wednesday, April 3rd. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a GBX 293 ($3.83) price objective on shares of Ibstock in a research report on Tuesday, May 7th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Ibstock presently has an average rating of “Buy” and an average target price of GBX 290.29 ($3.79).
Shares of Ibstock stock opened at GBX 246 ($3.21) on Friday. The company has a debt-to-equity ratio of 18.85, a quick ratio of 0.87 and a current ratio of 1.60. The company has a market capitalization of $1.01 billion and a price-to-earnings ratio of 13.09. Ibstock has a one year low of GBX 190.70 ($2.49) and a one year high of GBX 299.80 ($3.92).
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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