UBS Group reiterated their buy rating on shares of Ibstock (LON:IBST) in a research report released on Thursday, September 19th, ThisIsMoney.Co.Uk reports.
Other analysts also recently issued research reports about the company. Peel Hunt restated an add rating on shares of Ibstock in a research note on Tuesday, August 20th. Berenberg Bank lowered their price target on Ibstock from GBX 310 ($4.05) to GBX 300 ($3.92) and set a buy rating on the stock in a research report on Friday, August 2nd. JPMorgan Chase & Co. reiterated an overweight rating on shares of Ibstock in a research report on Friday, September 6th. Finally, Jefferies Financial Group reiterated a buy rating on shares of Ibstock in a research report on Tuesday, June 25th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company currently has an average rating of Buy and a consensus target price of GBX 282.17 ($3.69).
Shares of IBST stock traded up GBX 21.60 ($0.28) during mid-day trading on Thursday, reaching GBX 253.20 ($3.31). The stock had a trading volume of 1,751,843 shares, compared to its average volume of 1,100,000. Ibstock has a 1-year low of GBX 190.70 ($2.49) and a 1-year high of GBX 265.60 ($3.47). The company has a current ratio of 1.68, a quick ratio of 0.99 and a debt-to-equity ratio of 28.00. The firm has a market cap of $1.04 billion and a price-to-earnings ratio of 15.35. The business’s fifty day moving average is GBX 224.92 and its 200-day moving average is GBX 238.06.
In other Ibstock news, insider Claire Hawkings bought 10,000 shares of the business’s stock in a transaction on Tuesday, August 20th. The stock was bought at an average price of GBX 213 ($2.78) per share, with a total value of £21,300 ($27,832.22).
Ibstock Company Profile
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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