Ibstock plc (IBST) Receives New Coverage from Analysts at Peel Hunt
IBST has been the subject of a number of other reports. Beaufort Securities reaffirmed a buy rating on shares of Ibstock plc in a research note on Monday, August 8th. Barclays PLC decreased their target price on Ibstock plc from GBX 245 ($2.99) to GBX 185 ($2.25) and set an overweight rating for the company in a report on Thursday, June 30th. JPMorgan Chase & Co. reaffirmed an overweight rating and set a GBX 170 ($2.07) price target on shares of Ibstock plc in a report on Friday, September 16th. Deutsche Bank AG reaffirmed a buy rating on shares of Ibstock plc in a report on Wednesday, September 7th. Finally, Jefferies Group reaffirmed a buy rating and set a GBX 260 ($3.17) price target on shares of Ibstock plc in a report on Wednesday, June 29th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company presently has an average rating of Buy and an average price target of GBX 182.67 ($2.23).
Ibstock plc (LON:IBST) opened at 164.80 on Tuesday. The company’s 50-day moving average price is GBX 166.45 and its 200 day moving average price is GBX 174.58. The firm’s market capitalization is GBX 668.94 million. Ibstock plc has a 12 month low of GBX 113.20 and a 12 month high of GBX 227.20.
The firm also recently announced a dividend, which was paid on Friday, September 23rd. Shareholders of record on Thursday, August 18th were given a dividend of GBX 2.40 ($0.03) per share. This represents a yield of 1.57%. The ex-dividend date of this dividend was Thursday, August 18th.
Ibstock plc Company Profile
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.
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