Ibstock’s (IBST) “Hold” Rating Reaffirmed at Berenberg Bank

Berenberg Bank reaffirmed their hold rating on shares of Ibstock (LON:IBST) in a research note published on Thursday morning, Marketbeat reports. Berenberg Bank currently has a GBX 150 ($1.85) price objective on the stock.

Ibstock Stock Performance

Shares of LON IBST opened at GBX 147.60 ($1.82) on Thursday. The company has a market capitalization of £579.09 million, a PE ratio of 2,952.00, a price-to-earnings-growth ratio of 0.66 and a beta of 1.35. The company has a debt-to-equity ratio of 42.09, a quick ratio of 1.19 and a current ratio of 1.50. The company’s fifty day moving average price is GBX 152.57 and its 200 day moving average price is GBX 144.92. Ibstock has a 1 year low of GBX 118 ($1.46) and a 1 year high of GBX 178.50 ($2.20).

Ibstock Increases Dividend

The company also recently announced a dividend, which will be paid on Friday, May 31st. Stockholders of record on Thursday, May 9th will be paid a dividend of GBX 3.60 ($0.04) per share. This is a positive change from Ibstock’s previous dividend of $3.40. This represents a dividend yield of 2.25%. The ex-dividend date is Thursday, May 9th. Ibstock’s dividend payout ratio is presently 14,000.00%.

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.