Jefferies Financial Group Has Lowered Expectations for Ibstock (LON:IBST) Stock Price

Key Points

• Jefferies Financial Group has reduced Ibstock's target price from GBX 188 to GBX 143, indicating a potential upside of 14.97% based on the stock's previous close while maintaining a "buy" rating.
• Other investment firms have also lowered their price targets for Ibstock, with Deutsche Bank and Royal Bank of Canada setting targets of GBX 190 and GBX 170, respectively, both indicating "buy" or "outperform" ratings.
• Ibstock's current stock price is GBX 124.38, with a market capitalization of £490.90 million and notable financial ratios, including a P/E ratio of 41.46 and a return on equity of 1.83%.

Ibstock (LON:IBST - Get Free Report) had its target price reduced by investment analysts at Jefferies Financial Group from GBX 188 to GBX 143 in a report issued on Monday,Digital Look reports. The firm presently has a "buy" rating on the stock. Jefferies Financial Group's price target suggests a potential upside of 14.97% from the stock's previous close.

IBST has been the subject of a number of other reports. Deutsche Bank Aktiengesellschaft lowered their price target on Ibstock from GBX 210 to GBX 190 and set a "buy" rating for the company in a research note on Friday, October 10th. Royal Bank Of Canada lowered their price target on Ibstock from GBX 210 to GBX 170 and set an "outperform" rating for the company in a research note on Wednesday, October 15th. Finally, Berenberg Bank lowered their price target on Ibstock from GBX 170 to GBX 150 and set a "hold" rating for the company in a research note on Wednesday, October 15th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of GBX 163.25.

Ibstock Stock Performance

Shares of LON:IBST opened at GBX 124.38 on Monday. The stock has a market capitalization of £490.90 million, a P/E ratio of 41.46, a P/E/G ratio of 0.47 and a beta of 1.34. Ibstock has a 1-year low of GBX 113.78 and a 1-year high of GBX 212. 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 has a 50-day moving average price of GBX 136.74 and a two-hundred day moving average price of GBX 156.91.

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