Deutsche Bank Aktiengesellschaft Lowers Ibstock (LON:IBST) Price Target to GBX 110

Key Points

• Deutsche Bank cut its price target on Ibstock to GBX 110 (from GBX 144) and kept a "hold" rating, implying roughly an 8.5% upside from the recent close.
• Broker views are mixed: Jefferies trimmed its target to GBX 145 but keeps a "buy," Berenberg cut to GBX 135 with a "hold," and consensus is a Moderate Buy with an average target of GBX 140.
• Ibstock trades around GBX 101.40 (52-week range GBX 97–200.50) and shows weak profitability (ROE 0.79%, net margin 0.83%) with a P/E of 33.8 and market cap ≈ £400m.

Ibstock (LON:IBST - Get Free Report) had its target price reduced by stock analysts at Deutsche Bank Aktiengesellschaft from GBX 144 to GBX 110 in a note issued to investors on Tuesday,Digital Look reports. The firm currently has a "hold" rating on the stock. Deutsche Bank Aktiengesellschaft's target price suggests a potential upside of 8.48% from the stock's previous close.

A number of other research analysts have also issued reports on IBST. Jefferies Financial Group reduced their price objective on Ibstock from GBX 165 to GBX 145 and set a "buy" rating for the company in a research report on Monday, February 9th. Berenberg Bank dropped their target price on Ibstock from GBX 150 to GBX 135 and set a "hold" rating on the stock in a research report on Wednesday, January 21st. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Ibstock has an average rating of "Moderate Buy" and a consensus price target of GBX 140.

Ibstock Price Performance

IBST opened at GBX 101.40 on Tuesday. The company has a quick ratio of 1.19, a current ratio of 1.33 and a debt-to-equity ratio of 44.59. The company's 50-day moving average price is GBX 124.76 and its 200 day moving average price is GBX 130.98. Ibstock has a fifty-two week low of GBX 97 and a fifty-two week high of GBX 200.50. The firm has a market cap of £400.23 million, a price-to-earnings ratio of 33.80, a price-to-earnings-growth ratio of 0.47 and a beta of 0.74.

Ibstock (LON:IBST - Get Free Report) last issued its earnings results on Thursday, March 5th. The company reported GBX 5.70 EPS for the quarter. Ibstock had a return on equity of 0.79% and a net margin of 0.83%. As a group, sell-side analysts expect that Ibstock will post 11.0089552 earnings per share for the current year.

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.

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