Ibstock plc (IBST) Receives GBX 185 Consensus Target Price from Brokerages
Ibstock plc (LON:IBST) has earned an average recommendation of “Buy” from the six ratings firms that are presently covering the firm. One investment analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is GBX 185 ($2.29).
IBST has been the subject of several recent analyst reports. Numis Securities Ltd dropped their price objective on Ibstock plc from GBX 235 ($2.91) to GBX 195 ($2.41) and set an “add” rating for the company in a research note on Tuesday, September 13th. Deutsche Bank AG restated a “buy” rating and issued a GBX 181 ($2.24) target price on shares of Ibstock plc in a research note on Tuesday, August 2nd. Jefferies Group raised their target price on Ibstock plc from GBX 170 ($2.10) to GBX 190 ($2.35) and gave the company a “buy” rating in a research note on Wednesday, August 10th. Barclays PLC restated an “overweight” rating and issued a GBX 185 ($2.29) target price on shares of Ibstock plc in a research note on Wednesday, September 21st. Finally, JPMorgan Chase & Co. restated an “overweight” rating and issued a GBX 170 ($2.10) target price on shares of Ibstock plc in a research note on Monday, August 8th.
Shares of Ibstock plc (LON:IBST) opened at 161.40 on Tuesday. Ibstock plc has a 1-year low of GBX 113.20 and a 1-year high of GBX 227.20. The firm’s 50-day moving average is GBX 167.87 and its 200-day moving average is GBX 175.59. The stock’s market capitalization is GBX 655.14 million.
The company also recently disclosed a dividend, which was paid on Friday, September 23rd. Investors of record on Thursday, August 18th were given a GBX 2.40 ($0.03) dividend. The ex-dividend date was Thursday, August 18th. This represents a yield of 1.57%.
About Ibstock plc
Ibstock plc (Ibstock) is a United Kingdom-based brick manufacturer. The Company manufactures clay bricks and concrete products with operations in the United Kingdom and the United States. The Company operates through four businesses: the United Kingdom business consisting of Ibstock Brick, Supreme and Forticrete, and the United States business consisting of Glen-Gery.
Receive News & Stock Ratings for Ibstock plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ibstock plc and related stocks with our FREE daily email newsletter.