Ibstock (LON:IBST) Price Target Lowered to GBX 210 at Deutsche Bank Aktiengesellschaft

Key Points

• Deutsche Bank Aktiengesellschaft has lowered its price target for Ibstock from GBX 220 to GBX 210, maintaining a "buy" rating, which suggests a potential 40% upside based on the stock's recent closing price.
• Berenberg Bank has also issued a price target of GBX 200 with a "hold" rating for Ibstock, indicating a more cautious outlook compared to Deutsche Bank's assessment.
• Insider Richard Akers purchased 100,000 shares at an average cost of GBX 155 each, reflecting growing interest from company executives despite external market challenges.

Ibstock (LON:IBST - Get Free Report) had its target price cut by research analysts at Deutsche Bank Aktiengesellschaft from GBX 220 ($2.94) to GBX 210 ($2.81) in a research note issued on Thursday, MarketBeat reports. The brokerage presently has a "buy" rating on the stock. Deutsche Bank Aktiengesellschaft's price target indicates a potential upside of 40.00% from the stock's previous close.

Separately, Berenberg Bank reaffirmed a "hold" rating and issued a GBX 200 ($2.67) price target on shares of Ibstock in a report on Monday, June 16th.

Ibstock Trading Up 0.3%

Ibstock stock opened at GBX 150 ($2.00) on Thursday. The stock has a market cap of £591.02 million, a P/E ratio of 81.21, a PEG ratio of 0.47 and a beta of 1.34. Ibstock has a fifty-two week low of GBX 143 ($1.91) and a fifty-two week high of GBX 212 ($2.83). The firm's fifty day moving average price is GBX 158.45 and its 200-day moving average price is GBX 168.01. The company has a debt-to-equity ratio of 46.91, a quick ratio of 1.19 and a current ratio of 1.37.

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

Insider Transactions at Ibstock

In other Ibstock news, insider Richard Akers purchased 100,000 shares of the business's stock in a transaction on Thursday, June 19th. The stock was acquired at an average cost of GBX 155 ($2.07) per share, for a total transaction of £155,000 ($207,053.17). 0.35% of the stock is currently owned by insiders.

About Ibstock

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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