Ibstock (LON:IBST) had its target price boosted by BNP Paribas from GBX 280 ($3.93) to GBX 310 ($4.35) in a research report released on Thursday. BNP Paribas currently has an outperform rating on the stock.
Several other research analysts have also weighed in on the stock. Deutsche Bank reaffirmed a buy rating and set a GBX 292 ($4.10) target price on shares of Ibstock in a research note on Monday, January 8th. Peel Hunt raised shares of Ibstock to a buy rating and increased their target price for the stock from GBX 265 ($3.72) to GBX 285 ($4.00) in a research note on Wednesday, December 6th. JPMorgan Chase reaffirmed an overweight rating and set a GBX 300 ($4.21) target price on shares of Ibstock in a research note on Friday, January 19th. Numis Securities increased their target price on shares of Ibstock from GBX 288 ($4.04) to GBX 310 ($4.35) and gave the stock a hold rating in a research note on Friday, March 9th. Finally, Berenberg Bank increased their target price on shares of Ibstock from GBX 310 ($4.35) to GBX 330 ($4.63) and gave the stock a buy rating in a research note on Thursday, March 8th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has an average rating of Buy and an average target price of GBX 298.38 ($4.19).
Shares of IBST stock opened at GBX 291 ($4.08) on Thursday. Ibstock has a 1-year low of GBX 197.50 ($2.77) and a 1-year high of GBX 299.10 ($4.20).
The firm also recently disclosed a dividend, which will be paid on Friday, June 8th. Stockholders of record on Thursday, May 10th will be paid a GBX 6.50 ($0.09) dividend. This is a positive change from Ibstock’s previous dividend of $2.60. The ex-dividend date of this dividend is Thursday, May 10th. This represents a dividend yield of 2.32%.
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Ibstock Company Profile
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.
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