Jefferies Financial Group Cuts Ibstock (LON:IBST) Price Target to GBX 143

Ibstock (LON:IBST) had its target price reduced by Jefferies Financial Group from GBX 188 to GBX 143 in a research report released on Monday morning, MarketBeat.com reports. They currently have a buy rating on the stock.

Several other research analysts also recently commented on IBST. Deutsche Bank Aktiengesellschaft cut their target price on Ibstock from GBX 210 to GBX 190 and set a “buy” rating for the company in a research note on Friday, October 10th. Royal Bank Of Canada reduced their price objective on shares of Ibstock from GBX 210 to GBX 170 and set an “outperform” rating for the company in a research note on Wednesday, October 15th. Finally, Berenberg Bank decreased their target price on shares of Ibstock from GBX 170 to GBX 150 and set a “hold” rating on the stock in a report on Wednesday, October 15th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of GBX 163.25.

Ibstock Stock Up 8.0%

IBST opened at GBX 137.80 on Monday. Ibstock has a fifty-two week low of GBX 113.78 and a fifty-two week high of GBX 212. The firm has a market capitalization of £543.87 million, a P/E ratio of 45.93, a PEG ratio of 0.47 and a beta of 1.34. The company’s 50-day moving average is GBX 135.71 and its 200 day moving average is GBX 156.30. The company has a debt-to-equity ratio of 46.91, a current ratio of 1.37 and a quick ratio of 1.19.

Ibstock (LON:IBST) last announced its earnings results on Wednesday, August 6th. The company reported GBX 3 earnings per share (EPS) for the quarter. Ibstock had a return on equity of 1.83% and a net margin of 2.01%. Research analysts expect that Ibstock will post 11.0089552 earnings per share for the current fiscal year.

About Ibstock

Ibstock plc manufactures and sells clay and concrete building products and solutions to customers in the residential construction sector in the United Kingdom. The company offers bricks and masonry, which includes facing and engineering bricks, brick slips, special shaped bricks, walling stone, architectural masonry, prefabricated components, eco-habitats, and padstones and lintels, as well as façade systems; roofing products comprising roof tiles and accessories, and chimneys; and flooring and lintels, such as beam and block flooring, insulated flooring, hollowcore, and screed rails.