Ibstock (LON:IBST) Trading Up 8% - Should You Buy?

Key Points

• Ibstock plc saw an **8% increase** in trading during mid-day, reaching a high of GBX 137.80 ($1.84) with over **3.1 million shares** traded, significantly above its average volume.
• Analysts have **revised their price targets** for Ibstock, with Deutsche Bank setting a new target of GBX 190 and others like Berenberg Bank and Jefferies Financial Group adjusting their targets to GBX 150 and GBX 143, respectively.
• The company reported a **P/E ratio of 45.93** and is expected to achieve an earnings per share of approximately **11.01** for the current fiscal year, indicating projected growth potential.

Ibstock plc (LON:IBST - Get Free Report) was 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). Approximately 3,137,652 shares were traded during trading, an increase of 50% from the average daily volume of 2,096,802 shares. The stock had previously closed at GBX 127.60 ($1.70).

Wall Street Analyst Weigh In

Several research firms have issued reports on IBST. Deutsche Bank Aktiengesellschaft dropped their price objective on Ibstock from GBX 210 to GBX 190 and set a "buy" rating on the stock in a report on Friday, October 10th. Royal Bank Of Canada dropped their price target on shares of Ibstock from GBX 210 to GBX 170 and set an "outperform" rating for the company in a research note on Wednesday, October 15th. Berenberg Bank dropped their price target on shares of Ibstock from GBX 170 to GBX 150 and set a "hold" rating for the company in a research note on Wednesday, October 15th. Finally, Jefferies Financial Group dropped their target price 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 analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of GBX 163.25.

Ibstock Trading Up 8.0%

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 business's 50-day moving average is GBX 135.71 and its two-hundred day moving average is GBX 156.30. The firm has a market cap of £543.87 million, a P/E ratio of 45.93, a P/E/G ratio of 0.47 and a beta of 1.34.

Ibstock (LON:IBST - Get Free Report) last posted its earnings results on Wednesday, August 6th. The company reported GBX 3 EPS for the quarter. Ibstock had a return on equity of 1.83% and a net margin of 2.01%. As a group, analysts expect that Ibstock plc will post 11.0089552 earnings per share for the current fiscal year.

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.

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