Ibstock (LON:IBST) Given New GBX 210 Price Target 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 - Free Report) had its price target reduced by Deutsche Bank Aktiengesellschaft from GBX 220 ($2.96) to GBX 210 ($2.82) in a report issued on Thursday, MarketBeat Ratings reports. They currently have a buy rating on the stock.

Separately, Berenberg Bank reissued a "hold" rating and issued a GBX 200 ($2.69) price objective on shares of Ibstock in a research note on Monday, June 16th.

Ibstock Price Performance

LON:IBST traded down GBX 1.60 ($0.02) during mid-day trading on Thursday, reaching GBX 146.60 ($1.97). The stock had a trading volume of 569,778 shares, compared to its average volume of 2,263,199. The stock has a 50-day simple moving average of GBX 156.55 and a two-hundred day simple moving average of GBX 167.84. The stock has a market capitalization of £577.62 million, a PE ratio of 79.37, a P/E/G ratio of 0.47 and a beta of 1.34. The company has a debt-to-equity ratio of 46.91, a current ratio of 1.37 and a quick ratio of 1.19. Ibstock has a 12 month low of GBX 143 ($1.92) and a 12 month high of GBX 212 ($2.85).

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%. On average, equities analysts anticipate that Ibstock will post 11.0089552 earnings per share for the current year.

Insider Buying and Selling at Ibstock

In related news, insider Richard Akers bought 100,000 shares of the firm's stock in a transaction on Thursday, June 19th. The shares were purchased at an average price of GBX 155 ($2.08) per share, with a total value of £155,000 ($208,389.35). 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.