Ibstock (LON:IBST) Receives "Hold" Rating from Berenberg Bank

Berenberg Bank reissued their hold rating on shares of Ibstock (LON:IBST - Free Report) in a research note issued to investors on Wednesday, April 23rd, MarketBeat reports. The firm currently has a GBX 200 ($2.66) price objective on the stock.

Separately, Deutsche Bank Aktiengesellschaft lifted their target price on Ibstock from GBX 225 ($3.00) to GBX 240 ($3.20) and gave the stock a "buy" rating in a report on Thursday, February 20th.

Ibstock Trading Up 1.8 %

Shares of LON IBST traded up GBX 3.24 ($0.04) during midday trading on Wednesday, reaching GBX 179.44 ($2.39). The stock had a trading volume of 1,331,133 shares, compared to its average volume of 2,610,804. The company's 50 day moving average price is GBX 169.11 and its 200 day moving average price is GBX 176.64. The company has a debt-to-equity ratio of 46.91, a quick ratio of 1.19 and a current ratio of 1.37. Ibstock has a twelve month low of GBX 133 ($1.77) and a twelve month high of GBX 212 ($2.82). The firm has a market cap of £707.02 million, a price-to-earnings ratio of 97.15, a price-to-earnings-growth ratio of 0.47 and a beta of 1.34.

Ibstock (LON:IBST - Get Free Report) last released its earnings results on Thursday, March 6th. The company reported GBX 7.70 ($0.10) earnings per share (EPS) for the quarter. Ibstock had a net margin of 2.01% and a return on equity of 1.83%. As a group, sell-side analysts expect that Ibstock will post 11.0089552 EPS for the current year.

Ibstock Increases Dividend

The company also recently announced a dividend, which will be paid on Friday, May 30th. Stockholders of record on Thursday, May 8th will be given a dividend of GBX 2.50 ($0.03) per share. This represents a dividend yield of 1.45%. This is a positive change from Ibstock's previous dividend of $1.50. The ex-dividend date of this dividend is Thursday, May 8th. Ibstock's dividend payout ratio is presently 270.70%.

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.