Ibstock (LON:IBST) Stock Price Up 1.3% – Here’s Why

Ibstock plc (LON:IBST) rose 1.3% during mid-day trading on Friday . The stock traded as high as GBX 137.60 and last traded at GBX 137.20. Approximately 745,310 shares were traded during trading, a decline of 66% from the average daily volume of 2,201,810 shares. The stock had previously closed at GBX 135.40.

Analysts Set New Price Targets

Several research analysts have recently weighed in on IBST shares. Berenberg Bank lowered their target price on Ibstock from GBX 170 to GBX 150 and set a “hold” rating on the stock in a report on Wednesday, October 15th. Jefferies Financial Group lowered their price objective on Ibstock from GBX 188 to GBX 143 and set a “buy” rating on the stock in a research note on Monday, October 20th. 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. Finally, Royal Bank Of Canada lowered their price target on shares of Ibstock from GBX 210 to GBX 170 and set an “outperform” rating on the stock in a research report on Wednesday, October 15th. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Ibstock currently has an average rating of “Moderate Buy” and an average target price of GBX 163.25.

Ibstock Trading Up 1.3%

The company has a debt-to-equity ratio of 46.91, a quick ratio of 1.19 and a current ratio of 1.37. The company’s 50-day moving average price is GBX 134.26 and its 200-day moving average price is GBX 138.80. The firm has a market capitalization of £541.50 million, a PE ratio of 45.73, a PEG ratio of 0.47 and a beta of 1.34.

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.