Ibstock (LON:IBST) Receives Hold Rating from Berenberg Bank

Ibstock (LON:IBST)‘s stock had its “hold” rating reaffirmed by equities research analysts at Berenberg Bank in a research report issued to clients and investors on Thursday, Marketbeat Ratings reports. They currently have a GBX 150 ($1.85) target price on the stock. Berenberg Bank’s price objective indicates a potential upside of 1.63% from the stock’s previous close.

Ibstock Trading Up 0.4 %

Shares of IBST opened at GBX 147.60 ($1.82) on Thursday. The firm has a market cap of £579.09 million, a price-to-earnings ratio of 2,996.00, a PEG ratio of 0.66 and a beta of 1.35. The company has a debt-to-equity ratio of 42.09, a quick ratio of 1.19 and a current ratio of 1.50. Ibstock has a fifty-two week low of GBX 118 ($1.46) and a fifty-two week high of GBX 178.50 ($2.20). The firm has a 50 day moving average price of GBX 152.82 and a 200-day moving average price of GBX 144.85.

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.