Brokerages Set Ibstock plc (IBST) PT at $306.00

Ibstock plc (LON:IBST) has received a consensus recommendation of “Buy” from the nine ratings firms that are currently covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is GBX 306 ($4.30).

Several equities analysts recently issued reports on IBST shares. Numis Securities raised their price target on Ibstock from GBX 288 ($4.04) to GBX 310 ($4.35) and gave the company a “hold” rating in a report on Friday, March 9th. Deutsche Bank reiterated a “buy” rating and issued a GBX 292 ($4.10) price target on shares of Ibstock in a report on Tuesday, January 30th. JPMorgan Chase raised their price target on Ibstock from GBX 300 ($4.21) to GBX 315 ($4.42) and gave the company an “overweight” rating in a report on Wednesday, March 7th. Peel Hunt cut Ibstock to a “hold” rating and set a GBX 285 ($4.00) target price on the stock. in a report on Thursday, January 18th. Finally, Barclays restated an “equal weight” rating on shares of Ibstock in a report on Friday, January 19th.

How to Become a New Pot Stock Millionaire

Ibstock stock opened at GBX 290 ($4.07) on Thursday. Ibstock has a 12-month low of GBX 197.50 ($2.77) and a 12-month high of GBX 299.10 ($4.20).

Ibstock (LON:IBST) last posted its quarterly earnings results on Tuesday, March 6th. The company reported GBX 21.40 ($0.30) earnings per share (EPS) for the quarter, beating the consensus estimate of GBX 18.30 ($0.26) by GBX 3.10 ($0.04). The business had revenue of £451.58 million for the quarter. Ibstock had a return on equity of 17.02% and a net margin of 13.47%.

The business also recently announced a dividend, which will be paid on Friday, June 8th. Shareholders of record on Thursday, May 10th will be issued a dividend of GBX 6.50 ($0.09) per share. The ex-dividend date is Thursday, May 10th. This represents a yield of 2.32%. This is a boost from Ibstock’s previous dividend of $2.60.

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About Ibstock

Ibstock plc manufactures and sells clay and concrete products in the United Kingdom and the United States. Its principal products include clay bricks, brick components, concrete roof tiles, concrete stone masonry substitutes, concrete fencing, pre-stressed concrete, and concrete rail products. The company also provides concrete lintels; precast products for the house building and rail sectors; and concrete architectural masonry walling blocks.

Analyst Recommendations for Ibstock (LON:IBST)

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