Peel Hunt reaffirmed their add rating on shares of Ibstock (LON:IBST) in a research note published on Thursday morning, ThisIsMoney.Co.Uk reports.
IBST has been the topic of several other research reports. Jefferies Financial Group boosted their price objective on Ibstock from GBX 268 ($3.53) to GBX 310 ($4.08) and gave the stock a hold rating in a research report on Wednesday, February 5th. Berenberg Bank boosted their price objective on Ibstock from GBX 310 ($4.08) to GBX 340 ($4.47) and gave the stock a buy rating in a research report on Friday, January 24th. Deutsche Bank assumed coverage on Ibstock in a research report on Friday, December 6th. They issued a buy rating and a GBX 289 ($3.80) price objective on the stock. UBS Group cut their price objective on Ibstock from GBX 310 ($4.08) to GBX 300 ($3.95) and set a neutral rating on the stock in a research report on Wednesday, January 22nd. Finally, Canaccord Genuity reissued a hold rating and issued a GBX 260 ($3.42) price objective on shares of Ibstock in a research report on Tuesday, November 19th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Ibstock has a consensus rating of Hold and an average price target of GBX 292.38 ($3.85).
IBST stock opened at GBX 317.60 ($4.18) on Thursday. The stock’s fifty day simple moving average is GBX 302.12 and its two-hundred day simple moving average is GBX 258.28. 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 1-year low of GBX 207 ($2.72) and a 1-year high of GBX 323.98 ($4.26). The stock has a market cap of $1.30 billion and a P/E ratio of 19.25.
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.
Featured Article: Why does a company issue an IPO?
Receive News & Ratings for Ibstock Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ibstock and related companies with MarketBeat.com's FREE daily email newsletter.