Ibstock plc (IBST) Receives “Buy” Rating from Jefferies Group LLC

Ibstock plc (LON:IBST)‘s stock had its “buy” rating reaffirmed by investment analysts at Jefferies Group LLC in a note issued to investors on Tuesday. They currently have a GBX 300 ($4.04) target price on the stock. Jefferies Group LLC’s price objective would indicate a potential upside of 29.03% from the company’s previous close.

IBST has been the topic of several other reports. Deutsche Bank AG reiterated a “buy” rating on shares of Ibstock plc in a research report on Wednesday, July 19th. Peel Hunt reiterated a “hold” rating and issued a GBX 265 ($3.57) price target on shares of Ibstock plc in a research report on Thursday, August 10th. Beaufort Securities reiterated a “buy” rating on shares of Ibstock plc in a research report on Friday, August 11th. Barclays PLC reiterated an “overweight” rating on shares of Ibstock plc in a research report on Friday, July 7th. Finally, Berenberg Bank reiterated a “buy” rating and issued a GBX 310 ($4.18) price target on shares of Ibstock plc in a research report on Friday, August 18th. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Ibstock plc currently has an average rating of “Buy” and a consensus target price of GBX 269.33 ($3.63).

Ibstock plc (LON:IBST) opened at 232.50 on Tuesday. The stock’s market capitalization is GBX 944.70 million. Ibstock plc has a 1-year low of GBX 156.64 and a 1-year high of GBX 261.00. The company has a 50-day moving average of GBX 237.03 and a 200-day moving average of GBX 233.39.

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In other news, insider Justin Read acquired 7,500 shares of Ibstock plc stock in a transaction dated Friday, August 11th. The stock was purchased at an average cost of GBX 227 ($3.06) per share, with a total value of £17,025 ($22,954.02). Also, insider Kevin Sims sold 2,000,000 shares of the stock in a transaction on Thursday, August 10th. The stock was sold at an average price of GBX 241 ($3.25), for a total transaction of £4,820,000 ($6,498,584.33).

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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