Ibstock (LON:IBST) Earns Hold Rating from Berenberg Bank

Ibstock (LON:IBST - Get Free Report)'s stock had its "hold" rating reissued by Berenberg Bank in a research report issued on Monday, Marketbeat Ratings reports. They presently have a GBX 200 ($2.68) price objective on the stock. Berenberg Bank's price target would indicate a potential upside of 28.87% from the stock's current price.

Separately, Deutsche Bank Aktiengesellschaft boosted their price target on shares of Ibstock from GBX 225 ($3.02) to GBX 240 ($3.22) and gave the company a "buy" rating in a research note on Thursday, February 20th.

Ibstock Trading Down 1.1%

LON:IBST traded down GBX 1.80 ($0.02) during trading hours on Monday, hitting GBX 155.20 ($2.08). The company had a trading volume of 1,518,084 shares, compared to its average volume of 2,231,873. Ibstock has a 1 year low of GBX 150.09 ($2.01) and a 1 year high of GBX 212 ($2.85). The company has a current ratio of 1.37, a quick ratio of 1.19 and a debt-to-equity ratio of 46.91. The company has a 50-day moving average of GBX 182.10 and a 200 day moving average of GBX 174.96. The company has a market cap of £611.51 million, a P/E ratio of 84.03, a P/E/G ratio of 0.47 and a beta of 1.34.

Insider Activity at Ibstock

In other Ibstock news, insider Joe Hudson sold 139,886 shares of the business's stock in a transaction that occurred on Wednesday, April 30th. The stock was sold at an average price of GBX 176 ($2.36), for a total transaction of £246,199.36 ($330,513.30). 0.35% of the stock is owned by insiders.

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.