Ibstock plc (LON:IBST) has been given a consensus recommendation of “Buy” by the six ratings firms that are presently covering the stock, Marketbeat reports. Two analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is GBX 283.33 ($3.70).
A number of equities analysts have recently commented on IBST shares. Numis Securities restated an “add” rating on shares of Ibstock in a research report on Thursday, May 16th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Ibstock in a research note on Tuesday, June 25th. Peel Hunt reaffirmed an “add” rating on shares of Ibstock in a research note on Tuesday, August 20th. JPMorgan Chase & Co. decreased their price target on shares of Ibstock from GBX 300 ($3.92) to GBX 290 ($3.79) and set an “overweight” rating on the stock in a research note on Thursday, July 25th. Finally, Berenberg Bank decreased their price target on shares of Ibstock from GBX 310 ($4.05) to GBX 300 ($3.92) and set a “buy” rating on the stock in a research note on Friday, August 2nd.
In other Ibstock news, insider Claire Hawkings bought 10,000 shares of the firm’s stock in a transaction on Tuesday, August 20th. The stock was acquired at an average price of GBX 213 ($2.78) per share, with a total value of £21,300 ($27,832.22).
The firm also recently announced a dividend, which will be paid on Friday, September 20th. Shareholders of record on Thursday, August 15th will be given a GBX 8.20 ($0.11) dividend. This is a positive change from Ibstock’s previous dividend of $6.50. The ex-dividend date is Thursday, August 15th. This represents a yield of 3.6%. Ibstock’s payout ratio is 0.61%.
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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