Ibstock plc (LON:IBST) Receives Consensus Rating of “Buy” from Analysts
Shares of Ibstock plc (LON:IBST) have been assigned a consensus recommendation of “Buy” from the seven brokerages that are presently covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is GBX 297.25 ($3.88).
A number of research analysts recently issued reports on the stock. Numis Securities reiterated a “buy” rating on shares of 3i Group in a research note on Thursday, May 16th. Jefferies Financial Group upgraded shares of SALVATORE FERRA/ADR from an “underperform” rating to a “hold” rating in a research note on Tuesday, June 25th. Peel Hunt reiterated a “hold” rating and issued a GBX 935 ($12.22) target price (up from GBX 920 ($12.02)) on shares of Antofagasta in a research note on Tuesday. Finally, Berenberg Bank reiterated a “buy” rating and issued a GBX 310 ($4.05) target price on shares of Ibstock in a research note on Thursday, May 23rd.
Shares of IBST traded up GBX 0.40 ($0.01) during mid-day trading on Friday, hitting GBX 237.20 ($3.10). 1,869,322 shares of the company’s stock were exchanged, compared to its average volume of 1,100,000. The firm’s fifty day simple moving average is GBX 241.47. Ibstock has a twelve month low of GBX 190.70 ($2.49) and a twelve month high of GBX 286.80 ($3.75). The firm has a market capitalization of $970.40 million and a PE ratio of 12.62. The company has a current ratio of 1.60, a quick ratio of 0.87 and a debt-to-equity ratio of 18.85.
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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