Ibstock (IBST) Cut to “Hold” at Peel Hunt

Peel Hunt cut shares of Ibstock (LON:IBST) to a hold rating in a report issued on Thursday morning. They currently have GBX 285 ($3.86) price objective on the stock.

A number of other equities analysts also recently issued reports on IBST. Deutsche Bank reiterated a buy rating and set a GBX 292 ($3.96) price target on shares of Ibstock in a research note on Monday, January 8th. Barclays downgraded Ibstock to an equal weight rating and set a GBX 245 ($3.32) price target for the company. in a research note on Wednesday, September 20th. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock has an average rating of Buy and a consensus target price of GBX 279.67 ($3.79).

Ibstock (IBST) traded up GBX 3 ($0.04) during mid-day trading on Thursday, reaching GBX 260.20 ($3.53). The company’s stock had a trading volume of 1,434,742 shares, compared to its average volume of 703,706. The firm has a market cap of $1,060.00 and a P/E ratio of 1,182.73. Ibstock has a fifty-two week low of GBX 175.10 ($2.37) and a fifty-two 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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