Deutsche Bank Aktiengesellschaft Issues Pessimistic Forecast for Ibstock (LON:IBST) Stock Price

Ibstock (LON:IBST) had its price objective lowered by equities researchers at Deutsche Bank Aktiengesellschaft from GBX 100 to GBX 80 in a research note issued on Monday, Digital Look reports. The firm presently has a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft‘s price objective indicates a potential upside of 4.61% from the company’s previous close.

Several other analysts have also recently commented on IBST. Berenberg Bank reduced their target price on Ibstock from GBX 90 to GBX 75 and set a “hold” rating on the stock in a report on Tuesday, November 3rd. Royal Bank Of Canada lowered their price target on shares of Ibstock from GBX 160 to GBX 130 and set an “outperform” rating for the company in a report on Thursday, July 30th. Jefferies Financial Group restated a “hold” rating and issued a GBX 90 price target on shares of Ibstock in a research report on Tuesday, November 3rd. Finally, Peel Hunt restated a “buy” rating and issued a GBX 125 price target on shares of Ibstock in a research report on Wednesday, August 5th. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of GBX 100.

Ibstock Price Performance

Shares of IBST opened at GBX 76.47 on Monday. Ibstock has a 1 year low of GBX 68.80 and a 1 year high of GBX 143.80. The company has a debt-to-equity ratio of 54.38, a current ratio of 1.28 and a quick ratio of 1.19. The company has a market capitalization of £302.07 million, a price-to-earnings ratio of -13.42, a price-to-earnings-growth ratio of 0.47 and a beta of 0.84. The business has a 50-day moving average of GBX 79.79 and a 200-day moving average of GBX 98.31.

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.