Ibstock (LON:IBST) Given New GBX 188 Price Target at Jefferies Financial Group

Key Points

• Jefferies Financial Group has lowered Ibstock's price target from GBX 190 to GBX 188, while maintaining a "buy" rating, indicating a potential 25.42% upside from its current price.
• Berenberg Bank has set a price objective of GBX 200 with a "hold" rating, while Deutsche Bank has cut its target from GBX 220 to GBX 210 and maintained a "buy" rating.
• Ibstock's stock price opened at GBX 149.90 and has a market capitalization of £590.62 million, with recent earnings per share reported at GBX 3 ($0.04).

Ibstock (LON:IBST - Get Free Report) had its price objective lowered by analysts at Jefferies Financial Group from GBX 190 ($2.55) to GBX 188 ($2.53) in a research note issued to investors on Friday, MarketBeat reports. The firm presently has a "buy" rating on the stock. Jefferies Financial Group's price target would indicate a potential upside of 26.86% from the company's previous close.

IBST has been the topic of a number of other reports. Berenberg Bank restated a "hold" rating and issued a GBX 200 ($2.69) price target on shares of Ibstock in a research note on Monday, June 16th. Deutsche Bank Aktiengesellschaft dropped their price target on Ibstock from GBX 220 ($2.96) to GBX 210 ($2.82) and set a "buy" rating on the stock in a research note on Thursday, August 7th.

Ibstock Stock Up 1.1%

Shares of IBST traded up GBX 1.60 ($0.02) during mid-day trading on Friday, reaching GBX 148.20 ($1.99). The company had a trading volume of 734,125 shares, compared to its average volume of 2,253,334. The company has a debt-to-equity ratio of 46.91, a quick ratio of 1.19 and a current ratio of 1.37. The firm has a 50-day moving average price of GBX 155.55 and a 200 day moving average price of GBX 167.71. Ibstock has a 52 week low of GBX 143 ($1.92) and a 52 week high of GBX 212 ($2.85). The company has a market capitalization of £583.93 million, a price-to-earnings ratio of 80.24, a price-to-earnings-growth ratio of 0.47 and a beta of 1.34.

Ibstock (LON:IBST - Get Free Report) last issued its earnings results on Wednesday, August 6th. The company reported GBX 3 ($0.04) EPS for the quarter. Ibstock had a return on equity of 1.83% and a net margin of 2.01%. On average, sell-side analysts forecast that Ibstock will post 11.0089552 EPS for the current year.

Insider Buying and Selling

In related news, insider Richard Akers bought 100,000 shares of the firm's stock in a transaction that occurred on Thursday, June 19th. The shares were bought at an average cost of GBX 155 ($2.08) per share, with a total value of £155,000 ($208,193.42). Corporate 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.