Ibstock plc (IBST) Receives Average Recommendation of “Buy” from Analysts

Ibstock plc (LON:IBST) has earned an average recommendation of “Buy” from the ten analysts that are presently covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is GBX 284 ($3.85).

Several equities research analysts have issued reports on IBST shares. Barclays reaffirmed an “equal weight” rating on shares of Ibstock in a research note on Friday. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a GBX 300 ($4.07) price target on shares of Ibstock in a research note on Friday. Peel Hunt lowered Ibstock to a “hold” rating and set a GBX 285 ($3.86) price target for the company. in a research note on Thursday. Finally, Deutsche Bank reaffirmed a “buy” rating and set a GBX 292 ($3.96) price target on shares of Ibstock in a research note on Monday, January 8th.

Shares of Ibstock (LON IBST) opened at GBX 260.20 ($3.53) on Friday. The stock has a market capitalization of $1,060.00 and a price-to-earnings ratio of 1,182.73. Ibstock has a 52 week low of GBX 175.10 ($2.37) and a 52 week high of GBX 273.40 ($3.71).

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About Ibstock

Ibstock plc is a United Kingdom-based company, which is engaged in manufacturing of clay bricks and concrete products. The Company’s segments are the UK and the US. The Company’s principal products include clay bricks, brick components, concrete stone masonry substitutes, concrete fencing, pre-stressed concrete products and concrete rail products.

Analyst Recommendations for Ibstock (LON:IBST)

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