Berenberg Bank Cuts Ibstock (LON:IBST) Price Target to GBX 170

Key Points

• Berenberg Bank has reduced Ibstock's price target from GBX 200 to GBX 170, maintaining a "hold" rating on the stock.
• Other analysts, including Deutsche Bank and Jefferies, have also lowered their price targets for Ibstock while keeping a "buy" rating, indicating mixed sentiments in the sector.
• Ibstock's stock is currently trading at GBX 134, with a consensus rating of "Moderate Buy" and an average target price of GBX 189.33.

Ibstock (LON:IBST - Free Report) had its target price reduced by Berenberg Bank from GBX 200 to GBX 170 in a research report report published on Monday, MarketBeat.com reports. They currently have a hold rating on the stock.

A number of other equities analysts have also weighed in on the stock. Jefferies Financial Group decreased their price target on shares of Ibstock from GBX 190 to GBX 188 and set a "buy" rating on the stock in a report on Friday, August 8th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Ibstock from GBX 220 to GBX 210 and set a "buy" rating on the stock in a report on Thursday, August 7th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of GBX 189.33.

Ibstock Trading Down 0.1%

Shares of IBST traded down GBX 0.20 during mid-day trading on Monday, reaching GBX 135.20. The company had a trading volume of 3,823,571 shares, compared to its average volume of 2,225,063. The stock has a market cap of £533.58 million, a price-to-earnings ratio of 4,506.67, a price-to-earnings-growth ratio of 0.47 and a beta of 1.34. The firm has a fifty day simple moving average of GBX 144.47 and a 200-day simple moving average of GBX 163.04. Ibstock has a fifty-two week low of GBX 131.80 and a fifty-two week high of GBX 212. The company has a current ratio of 1.37, a quick ratio of 1.19 and a debt-to-equity ratio of 46.91.

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

Insider Buying and Selling

In other news, insider Richard Akers acquired 100,000 shares of the business's stock in a transaction on Thursday, June 19th. The shares were purchased at an average price of GBX 155 per share, for a total transaction of £155,000. 2.26% of the stock is owned by corporate insiders.

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.