Ibstock (LON:IBST) had its price objective lifted by JPMorgan Chase & Co. from GBX 300 ($4.14) to GBX 315 ($4.35) in a research note issued to investors on Wednesday morning. They currently have an overweight rating on the stock.
A number of other brokerages have also issued reports on IBST. Peel Hunt raised Ibstock to a buy rating and lifted their target price for the stock from GBX 265 ($3.66) to GBX 285 ($3.94) in a research report on Wednesday, December 6th. Deutsche Bank reaffirmed a buy rating and set a GBX 292 ($4.03) target price on shares of Ibstock in a research report on Tuesday, January 30th. Numis Securities boosted their price objective on Ibstock from GBX 270 ($3.73) to GBX 288 ($3.98) and gave the company an add rating in a report on Tuesday, February 6th. Finally, Barclays reissued an equal weight rating on shares of Ibstock in a report on Friday, January 19th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus target price of GBX 294.63 ($4.07).
Shares of Ibstock (LON IBST) opened at GBX 286.80 ($3.96) on Wednesday. Ibstock has a 52-week low of GBX 197.50 ($2.73) and a 52-week high of GBX 299.10 ($4.13). The stock has a market capitalization of $1,170.00 and a PE ratio of 1,593.33.
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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.
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