Ibstock plc (IBST) Receives GBX 184 Consensus PT from Brokerages
Ibstock plc (LON:IBST) has earned an average rating of “Buy” from the seven brokerages that are covering the company. Two investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is GBX 184 ($2.30).
Several research analysts have commented on IBST shares. Numis Securities Ltd lowered their target price on Ibstock plc from GBX 235 ($2.94) to GBX 195 ($2.44) and set an “add” rating for the company in a research note on Tuesday, September 13th. Deutsche Bank AG reissued a “buy” rating and set a GBX 181 ($2.26) target price on shares of Ibstock plc in a research note on Tuesday, August 2nd. Jefferies Group reissued a “buy” rating and set a GBX 190 ($2.37) target price on shares of Ibstock plc in a research note on Tuesday, November 1st. Peel Hunt assumed coverage on Ibstock plc in a report on Tuesday, October 18th. They set an “add” rating and a GBX 175 ($2.19) price target on the stock. Finally, Barclays PLC restated an “overweight” rating and set a GBX 185 ($2.31) price target on shares of Ibstock plc in a report on Wednesday, September 21st.
Shares of Ibstock plc (LON:IBST) opened at 183.20 on Tuesday. The firm’s 50-day moving average is GBX 168.51 and its 200 day moving average is GBX 170.38. Ibstock plc has a one year low of GBX 113.20 and a one year high of GBX 227.20. The firm’s market capitalization is GBX 743.62 million.
Ibstock plc Company Profile
Ibstock plc is a United Kingdom-based company, which is engaged in manufacturing of clay bricks and concrete products. The Company’s segments are the UK and the US. The Company’s principal products include clay bricks, brick components, concrete stone masonry substitutes, concrete fencing, pre-stressed concrete products and concrete rail products.
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