Ibstock (LON:IBST) Stock Gets Price Target Trim from Deutsche Bank

Ibstock (LON:IBST) had its price target decreased by Deutsche Bank from GBX 100 to GBX 80 in a research note issued to investors on Monday,Digital Look reports. Deutsche Bank currently has a hold rating on the stock.

Other equities analysts have also issued research reports about the company. Royal Bank Of Canada lowered their price objective on Ibstock from GBX 160 to GBX 130 and set an “outperform” rating for the company in a research report on Thursday, July 30th. Peel Hunt reaffirmed a “buy” rating and issued a GBX 125 target price on shares of Ibstock in a research report on Wednesday, August 5th. Berenberg Bank reduced their target price on shares of Ibstock from GBX 90 to GBX 75 and set a “hold” rating on the stock in a research report on Tuesday, November 3rd. Finally, Jefferies Financial Group reiterated a “hold” rating and issued a GBX 90 price target on shares of Ibstock in a research note on Tuesday, November 3rd. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of GBX 100.

Ibstock Trading Down 0.9%

LON IBST opened at GBX 75.10 on Monday. The company has a quick ratio of 1.19, a current ratio of 1.28 and a debt-to-equity ratio of 54.38. Ibstock has a twelve month low of GBX 68.80 and a twelve month high of GBX 143.80. The firm has a market capitalization of £296.66 million, a PE ratio of -13.18, a P/E/G ratio of 0.47 and a beta of 0.84. The stock’s 50 day moving average is GBX 79.12 and its 200 day moving average is GBX 97.47.

Ibstock Company Profile

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.