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 target price lowered by equities researchers at Jefferies Financial Group from GBX 190 ($2.56) to GBX 188 ($2.53) in a research report issued on Friday, MarketBeat reports. The brokerage currently has a "buy" rating on the stock. Jefferies Financial Group's price objective points to a potential upside of 26.86% from the stock's current price.

Several other brokerages have also recently commented on IBST. Berenberg Bank restated a "hold" rating and issued a GBX 200 ($2.69) target price on shares of Ibstock in a research report on Monday, June 16th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Ibstock from GBX 220 ($2.96) to GBX 210 ($2.82) and set a "buy" rating for the company in a research report on Thursday.

Ibstock Stock Performance

Shares of IBST traded down GBX 1.20 ($0.02) during midday trading on Friday, reaching GBX 148.20 ($1.99). The stock had a trading volume of 882,250 shares, compared to its average volume of 2,274,267. The firm has a market cap of £583.93 million, a PE ratio of 80.24, a P/E/G 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. The firm has a 50 day simple moving average of GBX 156.55 and a 200-day simple moving average of GBX 167.81. Ibstock has a one year low of GBX 143 ($1.92) and a one year high of GBX 212 ($2.85).

Ibstock (LON:IBST - Get Free Report) last posted 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%. As a group, sell-side analysts anticipate that Ibstock will post 11.0089552 EPS for the current year.

Insider Activity at Ibstock

In other news, insider Richard Akers acquired 100,000 shares of Ibstock stock in a transaction dated 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 ($208,473.44). 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.