Deutsche Bank Aktiengesellschaft Issues Pessimistic Forecast for Ibstock (LON:IBST) Stock Price

Ibstock (LON:IBST) had its price objective dropped by analysts at Deutsche Bank Aktiengesellschaft from GBX 220 ($2.96) to GBX 210 ($2.82) in a research report issued to clients and investors on Thursday, MarketBeat Ratings reports. The firm currently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s price target would indicate a potential upside of 41.70% from the stock’s previous close.

Separately, Berenberg Bank reiterated a “hold” rating and set a GBX 200 ($2.69) price objective on shares of Ibstock in a research note on Monday, June 16th.

Ibstock Price Performance

Shares of LON:IBST opened at GBX 148.20 ($1.99) on Thursday. The firm’s 50 day moving average is GBX 156.55 and its two-hundred day moving average is GBX 167.78. Ibstock has a 52 week low of GBX 143 ($1.92) and a 52 week high of GBX 212 ($2.85). The firm has a market capitalization of £583.93 million, a P/E ratio of 80.24, a PEG ratio of 0.47 and a beta of 1.34. The company has a current ratio of 1.37, a quick ratio of 1.19 and a debt-to-equity ratio of 46.91.

Ibstock (LON:IBST) last posted its quarterly earnings data on Wednesday, August 6th. The company reported GBX 3 ($0.04) EPS for the quarter. Ibstock had a net margin of 2.01% and a return on equity of 1.83%. Analysts anticipate that Ibstock will post 11.0089552 earnings per share for the current year.

Insider Activity at Ibstock

In related news, insider Richard Akers acquired 100,000 shares of the stock in a transaction that occurred on Thursday, June 19th. The shares were acquired at an average price of GBX 155 ($2.08) per share, for a total transaction of £155,000 ($208,473.44). 0.35% of the stock is owned by corporate insiders.

Ibstock Company Profile

Ibstock plc manufactures and sells clay and concrete building products and solutions to customers in the residential construction sector in the United Kingdom. The company offers bricks and masonry, which includes facing and engineering bricks, brick slips, special shaped bricks, walling stone, architectural masonry, prefabricated components, eco-habitats, and padstones and lintels, as well as façade systems; roofing products comprising roof tiles and accessories, and chimneys; and flooring and lintels, such as beam and block flooring, insulated flooring, hollowcore, and screed rails.