Ibstock (LON:IBST) Price Target Cut to GBX 127 by Analysts at Jefferies Financial Group

Ibstock (LON:IBST) had its target price trimmed by Jefferies Financial Group from GBX 133 to GBX 127 in a report issued on Monday morning, MarketBeat reports. The brokerage currently has a buy rating on the stock.

A number of other research analysts also recently issued reports on IBST. Deutsche Bank Aktiengesellschaft cut their price target on Ibstock from GBX 144 to GBX 110 and set a “hold” rating on the stock in a report on Tuesday, March 24th. Berenberg Bank decreased their price objective on Ibstock from GBX 150 to GBX 135 and set a “hold” rating for the company in a research note on Wednesday, January 21st. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Ibstock currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 135.50.

Ibstock Price Performance

LON IBST opened at GBX 107.03 on Monday. The company has a market cap of £422.65 million, a PE ratio of 133.79, a P/E/G ratio of 0.47 and a beta of 0.88. The firm’s 50 day moving average price is GBX 114.32 and its 200-day moving average price is GBX 126.68. The company has a debt-to-equity ratio of 44.59, a quick ratio of 1.19 and a current ratio of 1.33. Ibstock has a 52-week low of GBX 97 and a 52-week high of GBX 200.50.

Ibstock (LON:IBST) last issued its quarterly earnings data on Thursday, March 5th. The company reported GBX 5.70 EPS for the quarter. Ibstock had a net margin of 0.83% and a return on equity of 0.79%. Sell-side analysts forecast that Ibstock will post 11.0089552 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Martin Payne bought 20,000 shares of Ibstock stock in a transaction that occurred on Friday, April 17th. The stock was bought at an average price of GBX 108 per share, for a total transaction of £21,600. Also, insider Joe Hudson sold 64,484 shares of Ibstock stock in a transaction dated Monday, March 23rd. The stock was sold at an average price of GBX 103, for a total value of £66,418.52. Company insiders own 2.26% of the company’s stock.

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.