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

Key Points

• Berenberg Bank has reaffirmed a "hold" rating on Ibstock (LON:IBST) with a target price of GBX 200, indicating a potential upside of 36.99% from its current price.
• The stock's market capitalization stands at £575.26 million, with a PE ratio of 79.05 and a 52-week range between GBX 143 and GBX 212.
• Insider Richard Akers purchased 100,000 shares at an average price of GBX 155, increasing insider ownership to 0.35% of the company's stock.

Berenberg Bank reiterated their hold rating on shares of Ibstock (LON:IBST - Free Report) in a report published on Monday, MarketBeat.com reports. The firm currently has a GBX 200 ($2.71) price objective on the stock.

Other equities research analysts also recently issued reports about the stock. Jefferies Financial Group reduced their price target on shares of Ibstock from GBX 190 ($2.57) to GBX 188 ($2.54) and set a "buy" rating on the stock in a research note on Friday, August 8th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Ibstock from GBX 220 ($2.98) to GBX 210 ($2.84) and set a "buy" rating for the company in a report on Thursday, August 7th.

Ibstock Price Performance

Ibstock stock traded down GBX 1.60 ($0.02) during trading hours on Monday, reaching GBX 143.60 ($1.94). 538,247 shares of the stock were exchanged, compared to its average volume of 2,226,121. The company has a market cap of £565.80 million, a P/E ratio of 77.75, a price-to-earnings-growth ratio of 0.47 and a beta of 1.34. 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 has a twelve month low of GBX 142.40 ($1.93) and a twelve month high of GBX 212 ($2.87). The stock has a 50 day moving average of GBX 152.98 and a two-hundred day moving average of GBX 167.29.

Ibstock (LON:IBST - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The company reported GBX 3 ($0.04) earnings per share (EPS) for the quarter. Ibstock had a net margin of 2.01% and a return on equity of 1.83%. Equities analysts expect that Ibstock will post 11.0089552 EPS for the current fiscal year.

Insider Transactions at Ibstock

In other news, insider Richard Akers purchased 100,000 shares of the stock in a transaction on Thursday, June 19th. The stock was purchased at an average price of GBX 155 ($2.10) per share, for a total transaction of £155,000 ($209,714.52). Insiders own 0.35% of the company's stock.

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.