Ibstock (LON:IBST) Stock Keeps "Hold" Rating at Berenberg Bank

Key Points

• Berenberg Bank reaffirmed its “Hold” rating on Ibstock, maintaining a GBX 90 price target—about 12.5% above the current price.
• Analyst sentiment remains mixed but leans cautious: two analysts rate the stock “Buy” and three rate it “Hold,” producing a consensus “Hold” rating and GBX 107 target price.
• Ibstock shares opened at GBX 80, near the lower end of their 52-week range of GBX 71.50 to GBX 143.80. The company recently reported quarterly EPS of GBX 0.70 and continues to show negative profitability metrics.

Ibstock (LON:IBST - Get Free Report)'s stock had its "hold" rating reaffirmed by investment analysts at Berenberg Bank in a note issued to investors on Monday, London Stock Exchange reports. They currently have a GBX 90 price objective on the stock. Berenberg Bank's price objective points to a potential upside of 12.50% from the company's current price.

Other equities analysts have also issued reports about the company. Peel Hunt reaffirmed a "buy" rating and issued a GBX 125 price objective on shares of Ibstock in a research note on Wednesday, August 5th. Royal Bank Of Canada decreased their price objective on shares of Ibstock from GBX 160 to GBX 130 and set an "outperform" rating for the company in a research note on Thursday, July 30th. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and issued a GBX 100 price objective on shares of Ibstock in a research report on Thursday, August 6th. Finally, Jefferies Financial Group reduced their target price on shares of Ibstock from GBX 115 to GBX 90 and set a "hold" rating on the stock in a report on Monday, August 10th. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of GBX 107.

Ibstock Stock Down 2.1%

Shares of LON IBST opened at GBX 80 on Monday. The stock has a market capitalization of £316.01 million, a PE ratio of -14.04, a P/E/G ratio of 0.47 and a beta of 0.84. The company has a quick ratio of 1.19, a current ratio of 1.28 and a debt-to-equity ratio of 54.38. The firm has a fifty day moving average of GBX 85.27 and a 200-day moving average of GBX 94.21. Ibstock has a 52-week low of GBX 71.50 and a 52-week high of GBX 143.80.

Ibstock (LON:IBST - Get Free Report) last issued its earnings results on Wednesday, August 5th. The company reported GBX 0.70 earnings per share for the quarter. Ibstock had a negative return on equity of 6.19% and a negative net margin of 6.67%. On average, analysts anticipate that Ibstock will post 11.0089552 EPS for the current 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.

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