Ibstock (IBST) Given New GBX 310 Price Target at Berenberg Bank

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Ibstock (LON:IBST) had its price objective hoisted by Berenberg Bank from GBX 290 ($3.79) to GBX 310 ($4.05) in a research report report published on Wednesday morning. They currently have a buy rating on the stock.

A number of other research firms also recently commented on IBST. UBS Group reiterated a neutral rating and issued a GBX 270 ($3.53) target price on shares of Ibstock in a report on Wednesday, March 6th. Peel Hunt boosted their target price on shares of Ibstock from GBX 255 ($3.33) to GBX 280 ($3.66) and gave the stock an add rating in a report on Tuesday, March 5th. JPMorgan Chase & Co. dropped their target price on shares of Ibstock from GBX 315 ($4.12) to GBX 295 ($3.85) and set an overweight rating on the stock in a report on Friday, January 18th. Finally, Numis Securities reiterated an add rating and issued a GBX 270 ($3.53) target price on shares of Ibstock in a report on Monday, November 26th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of Buy and a consensus target price of GBX 292.71 ($3.82).

LON IBST opened at GBX 259 ($3.38) on Wednesday. Ibstock has a 12 month low of GBX 197.50 ($2.58) and a 12 month high of GBX 299.10 ($3.91).

Ibstock (LON:IBST) last released its earnings results on Tuesday, March 5th. The company reported GBX 18.80 ($0.25) EPS for the quarter, topping analysts’ consensus estimates of GBX 18.60 ($0.24) by GBX 0.20 ($0.00).

The business also recently disclosed a dividend, which will be paid on Friday, June 7th. Shareholders of record on Thursday, May 9th will be paid a GBX 6.50 ($0.08) dividend. The ex-dividend date of this dividend is Thursday, May 9th. This represents a yield of 2.53%.

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 and pre-stressed concrete products; and architectural masonry, landmark stone and walling stones.

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