Ibstock plc (LON:IBST) Price Target Increased to GBX 265 by Analysts at Peel Hunt

Ibstock plc (LON:IBST) had its price target boosted by Peel Hunt from GBX 215 ($2.78) to GBX 265 ($3.43) in a report released on Monday, June 19th. The brokerage currently has a hold rating on the stock.

Several other research analysts also recently commented on IBST. Numis Securities Ltd raised their price objective on Ibstock plc from GBX 195 ($2.53) to GBX 240 ($3.11) and gave the stock an add rating in a research note on Wednesday, March 8th. Jefferies Group LLC raised their price objective on Ibstock plc from GBX 230 ($2.98) to GBX 240 ($3.11) and gave the stock a buy rating in a research note on Tuesday, March 14th. Barclays PLC reissued an overweight rating and set a GBX 215 ($2.78) target price on shares of Ibstock plc in a research note on Monday, April 10th. Berenberg Bank assumed coverage on Ibstock plc in a research note on Friday, May 12th. They set a buy rating and a GBX 310 ($4.02) target price on the stock. Finally, BNP Paribas reissued an outperform rating and set a GBX 265 ($3.43) target price on shares of Ibstock plc in a research note on Thursday, May 18th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Ibstock plc presently has a consensus rating of Buy and a consensus target price of GBX 270.50 ($3.50).

Shares of Ibstock plc (LON IBST) traded down 0.81% during midday trading on Monday, hitting GBX 245.10. 717,105 shares of the company’s stock traded hands. Ibstock plc has a 1-year low of GBX 113.20 and a 1-year high of GBX 261.00. The company has a 50 day moving average price of GBX 246.21 and a 200 day moving average price of GBX 211.85. The firm’s market capitalization is GBX 995.88 million.

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In other Ibstock plc news, insider Jonathan C. Nicholls acquired 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 30th. The stock was bought at an average price of GBX 241 ($3.12) per share, for a total transaction of £24,100 ($31,217.62).

Ibstock plc Company Profile

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.

Analyst Recommendations for Ibstock plc (LON:IBST)

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