Ibstock plc (IBST) Earns “Overweight” Rating from JPMorgan Chase & Co.
JPMorgan Chase & Co. restated their overweight rating on shares of Ibstock plc (LON:IBST) in a research note published on Friday morning. They currently have a GBX 170 ($2.22) price objective on the stock.
A number of other equities research analysts have also issued reports on IBST. Deutsche Bank AG increased their target price on shares of Ibstock plc from GBX 222 ($2.90) to GBX 226 ($2.95) and gave the stock a buy rating in a report on Friday, July 8th. Jefferies Group reiterated a buy rating and set a GBX 260 ($3.39) target price on shares of Ibstock plc in a report on Wednesday, June 29th. Beaufort Securities reiterated a buy rating on shares of Ibstock plc in a report on Monday, August 8th. Barclays PLC reduced their target price on shares of Ibstock plc from GBX 245 ($3.20) to GBX 185 ($2.41) and set an overweight rating on the stock in a report on Thursday, June 30th. Finally, Numis Securities Ltd reduced their target price on shares of Ibstock plc from GBX 235 ($3.07) to GBX 195 ($2.55) and set an add rating on the stock in a report on Tuesday, September 13th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus price target of GBX 184.20 ($2.40).
Shares of Ibstock plc (LON:IBST) opened at 162.60 on Friday. The firm’s market capitalization is GBX 660.01 million. Ibstock plc has a 1-year low of GBX 113.20 and a 1-year high of GBX 227.20. The stock’s 50 day moving average is GBX 166.25 and its 200 day moving average is GBX 179.44.
The company also recently disclosed a dividend, which will be paid on Friday, September 23rd. Shareholders of record on Thursday, August 18th will be given a GBX 2.40 ($0.03) dividend. This represents a dividend yield of 1.57%. The ex-dividend date is Thursday, August 18th.
About Ibstock plc
Ibstock plc (Ibstock) is a United Kingdom-based brick manufacturer. The Company manufactures clay bricks and concrete products with operations in the United Kingdom and the United States. The Company operates through four businesses: the United Kingdom business consisting of Ibstock Brick, Supreme and Forticrete, and the United States business consisting of Glen-Gery.
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