Ibstock (LON:IBST) Price Target Cut to GBX 145 by Analysts at Jefferies Financial Group

Ibstock (LON:IBST) had its target price trimmed by Jefferies Financial Group from GBX 165 to GBX 145 in a research report released on Monday, Marketbeat.com reports. The firm currently has a buy rating on the stock.

IBST has been the topic of a number of other research reports. Berenberg Bank cut their price objective on shares of Ibstock from GBX 150 to GBX 135 and set a “hold” rating on the stock in a research report on Wednesday, January 21st. Royal Bank Of Canada cut their price target 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. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, Ibstock presently has an average rating of “Moderate Buy” and a consensus price target of GBX 160.

Ibstock Price Performance

IBST opened at GBX 132.80 on Monday. The firm has a market capitalization of £524.17 million, a PE ratio of 44.27, 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. The business’s 50-day moving average is GBX 134.58 and its two-hundred day moving average is GBX 135.98. Ibstock has a 1 year low of GBX 113.78 and a 1 year high of GBX 200.50.

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.