Ibstock (IBST) Earns “Buy” Rating from Berenberg Bank

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Berenberg Bank reissued their buy rating on shares of Ibstock (LON:IBST) in a research report released on Thursday, Digital Look reports. The firm currently has a GBX 310 ($4.05) price objective on the stock.

Several other equities research analysts also recently commented on the stock. Peel Hunt upped their target price on shares of Ibstock from GBX 255 ($3.33) to GBX 280 ($3.66) and gave the company an add rating in a research note on Tuesday, March 5th. UBS Group reaffirmed a neutral rating and issued a GBX 270 ($3.53) target price on shares of Ibstock in a research note on Wednesday, March 6th. JPMorgan Chase & Co. upped their target price on shares of Ibstock from GBX 295 ($3.85) to GBX 300 ($3.92) and gave the company an overweight rating in a research note on Wednesday, March 6th. Numis Securities downgraded shares of Ibstock to a hold rating and set a GBX 270 ($3.53) target price for the company. in a research note on Wednesday, April 3rd. Finally, Jefferies Financial Group reaffirmed a buy rating and issued a GBX 293 ($3.83) target price on shares of Ibstock in a research note on Tuesday, May 7th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of Buy and a consensus price target of GBX 290.29 ($3.79).

Shares of LON IBST opened at GBX 243 ($3.18) on Thursday. Ibstock has a fifty-two week low of GBX 190.70 ($2.49) and a fifty-two week high of GBX 305 ($3.99). The company has a market capitalization of $993.99 million and a P/E ratio of 12.93. The company has a current ratio of 1.60, a quick ratio of 0.87 and a debt-to-equity ratio of 18.85.

Ibstock (LON:IBST) last announced its quarterly earnings data on Tuesday, March 5th. The company reported GBX 18.80 ($0.25) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of GBX 18.60 ($0.24) by GBX 0.20 ($0.00). Research analysts predict that Ibstock will post 2162.00001555035 EPS for the current fiscal year.

The firm also recently announced a dividend, which will be paid on Friday, June 7th. Investors of record on Thursday, May 9th will be issued a dividend of GBX 6.50 ($0.08) per share. This represents a yield of 2.53%. The ex-dividend date of this dividend is Thursday, May 9th. Ibstock’s payout ratio is 0.53%.

Ibstock Company Profile

Ibstock plc manufactures and sells a range of 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.

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Analyst Recommendations for Ibstock (LON:IBST)

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