Ibstock (LON:IBST) Given New GBX 120 Price Target at Berenberg Bank

Ibstock (LON:IBST) had its price objective lowered by stock analysts at Berenberg Bank from GBX 135 to GBX 120 in a research note issued to investors on Friday,London Stock Exchange reports. The firm currently has a “hold” rating on the stock. Berenberg Bank’s target price points to a potential upside of 22.26% from the company’s previous close.

A number of other brokerages have also issued reports on IBST. Jefferies Financial Group decreased their price target on Ibstock from GBX 133 to GBX 127 and set a “buy” rating for the company in a research note on Monday, April 20th. Deutsche Bank Aktiengesellschaft lowered their target price on Ibstock from GBX 144 to GBX 110 and set a “hold” rating for the company in a report on Tuesday, March 24th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, Ibstock presently has an average rating of “Moderate Buy” and an average target price of GBX 131.75.

Ibstock Price Performance

Shares of IBST stock opened at GBX 98.15 on Friday. Ibstock has a 52-week low of GBX 92.85 and a 52-week high of GBX 200.50. The company has a debt-to-equity ratio of 44.59, a quick ratio of 1.19 and a current ratio of 1.33. The firm has a market capitalization of £387.71 million, a P/E ratio of 122.69, a P/E/G ratio of 0.47 and a beta of 0.86. The stock has a 50 day moving average price of GBX 103.36 and a 200 day moving average price of GBX 122.02.

Ibstock (LON:IBST) last issued its quarterly earnings results on Thursday, March 5th. The company reported GBX 5.70 earnings per share (EPS) for the quarter. Ibstock had a return on equity of 0.79% and a net margin of 0.83%. As a group, sell-side analysts predict that Ibstock will post 11.0089552 earnings per share for the current year.

Insider Buying and Selling at Ibstock

In related news, insider Martin Payne purchased 20,000 shares of Ibstock stock in a transaction dated Friday, April 17th. The stock was purchased at an average cost of GBX 108 per share, with a total value of £21,600. Also, insider Joe Hudson sold 64,484 shares of the business’s stock in a transaction on Monday, March 23rd. The stock was sold at an average price of GBX 103, for a total value of £66,418.52. Insiders own 2.26% of the company’s stock.

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.