Ibstock (LON:IBST) Price Target Cut to GBX 143 by Analysts at Jefferies Financial Group

Ibstock (LON:IBST) had its price target lowered by Jefferies Financial Group from GBX 188 to GBX 143 in a research report report published on Monday, MarketBeat Ratings reports. The brokerage currently has a buy rating on the stock.

A number of other research firms have also recently weighed in on IBST. Royal Bank Of Canada dropped their price objective on shares of Ibstock from GBX 210 to GBX 170 and set an “outperform” rating on the stock in a report on Wednesday, October 15th. Berenberg Bank dropped their price objective on shares of Ibstock from GBX 170 to GBX 150 and set a “hold” rating on the stock in a report on Wednesday, October 15th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Ibstock from GBX 210 to GBX 190 and set a “buy” rating on the stock in a report on Friday, October 10th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of GBX 163.25.

Ibstock Stock Down 0.5%

IBST stock opened at GBX 123.60 on Monday. The company has a quick ratio of 1.19, a current ratio of 1.37 and a debt-to-equity ratio of 46.91. Ibstock has a fifty-two week low of GBX 113.78 and a fifty-two week high of GBX 212. The firm’s 50-day simple moving average is GBX 136.28 and its 200 day simple moving average is GBX 156.63. The stock has a market cap of £487.82 million, a PE ratio of 41.20, a price-to-earnings-growth ratio of 0.47 and a beta of 1.34.

Ibstock (LON:IBST) last released its quarterly earnings data on Wednesday, August 6th. The company reported GBX 3 earnings per share for the quarter. Ibstock had a net margin of 2.01% and a return on equity of 1.83%. As a group, sell-side analysts predict that Ibstock will post 11.0089552 EPS for the current year.

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.