Ibstock (LON:IBST) Price Target Lowered to GBX 135 at Berenberg Bank

Ibstock (LON:IBST) had its target price reduced by Berenberg Bank from GBX 150 to GBX 135 in a research report released on Wednesday, Marketbeat reports. They currently have a hold rating on the stock.

Other research analysts have also issued reports about the stock. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Ibstock from GBX 210 to GBX 190 and set a “buy” rating on the stock in a research note on Friday, October 10th. Jefferies Financial Group reduced their target price on Ibstock from GBX 188 to GBX 143 and set a “buy” rating for the company in a report on Monday, October 20th. Finally, Royal Bank Of Canada lowered their price target on Ibstock from GBX 210 to GBX 170 and set an “outperform” rating on the stock in a research note on Wednesday, October 15th. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Ibstock presently has an average rating of “Moderate Buy” and an average target price of GBX 159.50.

Ibstock Stock Up 0.9%

LON:IBST opened at GBX 132 on Wednesday. The company has a 50-day moving average of GBX 134.63 and a 200 day moving average of GBX 137.94. Ibstock has a 1-year low of GBX 113.78 and a 1-year high of GBX 200.50. The firm has a market cap of £520.98 million, a PE ratio of 44.00, a price-to-earnings-growth ratio of 0.47 and a beta of 1.34. The company has a debt-to-equity ratio of 46.91, a current ratio of 1.37 and a quick ratio of 1.19.

About Ibstock

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.