Shares of Ibstock plc (LON:IBST - Get Free Report) traded up 8% during mid-day trading on Wednesday . The company traded as high as GBX 137.80 ($1.84) and last traded at GBX 137.80 ($1.84). 3,137,652 shares changed hands during trading, an increase of 50% from the average session volume of 2,096,802 shares. The stock had previously closed at GBX 127.60 ($1.70).
Wall Street Analyst Weigh In
A number of equities analysts recently issued reports on the stock. Berenberg Bank lowered their price objective on shares of Ibstock from GBX 170 to GBX 150 and set a "hold" rating for the company in a research report on Wednesday, October 15th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Ibstock from GBX 210 to GBX 190 and set a "buy" rating for the company in a research report on Friday, October 10th. Royal Bank Of Canada decreased their price target on shares of Ibstock from GBX 210 to GBX 170 and set an "outperform" rating for the company in a research report on Wednesday, October 15th. Finally, Jefferies Financial Group decreased their price target on shares of Ibstock from GBX 188 to GBX 143 and set a "buy" rating for the company in a research report on Monday. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of GBX 163.25.
Check Out Our Latest Report on Ibstock
Ibstock Stock Performance
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 company's 50-day simple moving average is GBX 135.71 and its 200-day simple moving average is GBX 156.30. The stock has a market capitalization of £536.76 million, a price-to-earnings ratio of 45.33, a PEG ratio of 0.47 and a beta of 1.34.
Ibstock (LON:IBST - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The company reported GBX 3 EPS for the quarter. Ibstock had a net margin of 2.01% and a return on equity of 1.83%. On average, analysts expect that Ibstock plc will post 11.0089552 EPS for the current year.
About Ibstock
(
Get Free Report)
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Ibstock, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Ibstock wasn't on the list.
While Ibstock currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's guide to investing in 5G and which 5G stocks show the most promise.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
