JPMorgan Chase & Co. Cuts Ibstock (LON:IBST) Price Target to GBX 290
Ibstock (LON:IBST) had its price target decreased by JPMorgan Chase & Co. from GBX 300 ($3.92) to GBX 290 ($3.79) in a research report report published on Thursday, ThisIsMoney.Co.Uk reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.
A number of other research firms also recently issued reports on IBST. Jefferies Financial Group upgraded SALVATORE FERRA/ADR from an underperform rating to a hold rating in a research note on Tuesday, June 25th. Berenberg Bank reiterated a buy rating and set a GBX 310 ($4.05) price target on shares of Ibstock in a research note on Thursday, May 23rd. Peel Hunt cut their price target on Abcam from GBX 1,550 ($20.25) to GBX 1,430 ($18.69) and set an add rating for the company in a research note on Monday, July 22nd. Finally, Numis Securities reiterated a buy rating on shares of 3i Group in a research note on Thursday, May 16th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of Buy and a consensus price target of GBX 288.86 ($3.77).
Shares of IBST opened at GBX 232 ($3.03) on Thursday. The company has a debt-to-equity ratio of 18.85, a quick ratio of 0.87 and a current ratio of 1.60. The company has a 50-day moving average price of GBX 240.69. The firm has a market cap of $949.22 million and a P/E ratio of 12.34. Ibstock has a one year low of GBX 190.70 ($2.49) and a one year high of GBX 284.20 ($3.71).
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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