Deutsche Bank Aktiengesellschaft Lowers Ibstock (LON:IBST) Price Target to GBX 190

Key Points

• Deutsche Bank Aktiengesellschaft has lowered the price target for Ibstock (LON:IBST) from GBX 210 to GBX 190, while maintaining a "buy" rating for the stock.
• Ibstock currently has a consensus rating of "Moderate Buy" and a consensus price target of GBX 182.67 from various analysts.
• The company's shares opened at GBX 129.60 and have a market capitalization of approximately £511.51 million, reflecting a trading range between a 12-month low of GBX 113.78 and a high of GBX 212.

Ibstock (LON:IBST - Get Free Report) had its price objective lowered by analysts at Deutsche Bank Aktiengesellschaft from GBX 210 to GBX 190 in a research report issued to clients and investors on Friday,Digital Look reports. The firm presently has a "buy" rating on the stock. Deutsche Bank Aktiengesellschaft's target price would suggest a potential upside of 46.60% from the company's current price.

IBST has been the topic of a number of other reports. Jefferies Financial Group reduced their price objective on shares of Ibstock from GBX 190 to GBX 188 and set a "buy" rating on the stock in a research note on Friday, August 8th. Berenberg Bank reduced their price objective on shares of Ibstock from GBX 200 to GBX 170 and set a "hold" rating on the stock in a research note on Monday, September 8th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, Ibstock currently has a consensus rating of "Moderate Buy" and a consensus price target of GBX 182.67.

Ibstock Trading Up 0.9%

Shares of Ibstock stock opened at GBX 129.60 on Friday. The company has a market capitalization of £511.51 million, a price-to-earnings ratio of 4,320.00, a PEG ratio of 0.47 and a beta of 1.34. The company has a quick ratio of 1.19, a current ratio of 1.37 and a debt-to-equity ratio of 46.91. Ibstock has a 12-month low of GBX 113.78 and a 12-month high of GBX 212. The firm's 50-day moving average price is GBX 138.97 and its two-hundred day moving average price is GBX 158.48.

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