Ibstock plc (LON:IBST) has earned an average recommendation of “Buy” from the ten ratings firms that are presently covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is GBX 286.25 ($3.95).
Several analysts have weighed in on IBST shares. Deutsche Bank reissued a “buy” rating and set a GBX 292 ($4.03) target price on shares of Ibstock in a research report on Monday, January 8th. Peel Hunt raised shares of Ibstock to a “buy” rating and boosted their target price for the stock from GBX 265 ($3.66) to GBX 285 ($3.94) in a research report on Wednesday, December 6th. JPMorgan Chase & Co. reissued an “overweight” rating and set a GBX 300 ($4.14) target price on shares of Ibstock in a research report on Friday, January 19th. Barclays reissued an “equal weight” rating on shares of Ibstock in a research report on Friday, January 19th. Finally, Numis Securities boosted their target price on shares of Ibstock from GBX 270 ($3.73) to GBX 288 ($3.98) and gave the stock an “add” rating in a research report on Tuesday, February 6th.
Ibstock (LON:IBST) traded down GBX 1.80 ($0.02) during trading hours on Wednesday, reaching GBX 248 ($3.43). 522,549 shares of the company’s stock traded hands, compared to its average volume of 961,987. The stock has a market cap of $1,010.00 and a P/E ratio of 1,127.27. Ibstock has a 12 month low of GBX 193.61 ($2.67) and a 12 month high of GBX 273.40 ($3.78).
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Ibstock 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.
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