Ibstock (LON:IBST) Price Target Lowered to GBX 110 at Deutsche Bank Aktiengesellschaft

Ibstock (LON:IBST) had its target price reduced by Deutsche Bank Aktiengesellschaft from GBX 144 to GBX 110 in a research report sent to investors on Tuesday morning, MarketBeat reports. Deutsche Bank Aktiengesellschaft currently has a hold rating on the stock.

Several other analysts also recently weighed in on the company. Jefferies Financial Group decreased their target price on Ibstock from GBX 165 to GBX 145 and set a “buy” rating for the company in a research note on Monday, February 9th. Berenberg Bank cut their price target on Ibstock from GBX 150 to GBX 135 and set a “hold” rating for the company in a report on Wednesday, January 21st. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of GBX 140.

Ibstock Stock Down 1.6%

Ibstock stock opened at GBX 101.40 on Tuesday. The company has a debt-to-equity ratio of 44.59, a current ratio of 1.33 and a quick ratio of 1.19. Ibstock has a fifty-two week low of GBX 97 and a fifty-two week high of GBX 200.50. The firm has a fifty day moving average price of GBX 124.10 and a two-hundred day moving average price of GBX 130.75. The firm has a market cap of £400.23 million, a price-to-earnings ratio of 33.80, a P/E/G ratio of 0.47 and a beta of 0.74.

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

Insider Activity at Ibstock

In other news, insider Joe Hudson sold 64,484 shares of the company’s stock in a transaction dated Monday, March 23rd. The shares were sold at an average price of GBX 103, for a total transaction of £66,418.52. Corporate 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.