Brokerages Set Ibstock plc (IBST) PT at $290.67
Ibstock plc (LON:IBST) has been assigned an average recommendation of “Buy” from the seven brokerages that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is GBX 290.67 ($3.80).
Several research analysts have recently weighed in on the stock. Peel Hunt raised shares of Ibstock to a “buy” rating in a report on Friday, November 23rd. Numis Securities reiterated an “add” rating and set a GBX 270 ($3.53) price objective on shares of Ibstock in a research report on Monday, November 26th. UBS Group reduced their target price on shares of Ibstock from GBX 290 ($3.79) to GBX 270 ($3.53) and set a “buy” rating on the stock in a research note on Wednesday, January 9th. JPMorgan Chase & Co. reduced their target price on shares of Ibstock from GBX 315 ($4.12) to GBX 295 ($3.85) and set an “overweight” rating on the stock in a research note on Friday, January 18th. Finally, Berenberg Bank reduced their price target on shares of Ibstock from GBX 310 ($4.05) to GBX 290 ($3.79) and set a “buy” rating on the stock in a research note on Monday, January 28th.
LON:IBST traded up GBX 1 ($0.01) during trading hours on Wednesday, reaching GBX 230.60 ($3.01). The company’s stock had a trading volume of 727,907 shares, compared to its average volume of 1,100,000. Ibstock has a 1 year low of GBX 197.50 ($2.58) and a 1 year high of GBX 299.10 ($3.91).
Ibstock plc manufactures and sells 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. The company also provides concrete lintels; precast and pre-stressed concrete products; and architectural masonry, landmark stone and walling stones.
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