Ibstock plc (IBST) PT Lowered to GBX 195
Ibstock plc (LON:IBST) had its price objective trimmed by Numis Securities Ltd from GBX 235 ($3.13) to GBX 195 ($2.60) in a research report report published on Tuesday morning. The firm currently has an add rating on the stock.
Other research analysts have also issued reports about the stock. Deutsche Bank AG increased their price objective on shares of Ibstock plc from GBX 222 ($2.96) to GBX 226 ($3.01) and gave the stock a buy rating in a report on Friday, July 8th. Jefferies Group restated a buy rating and issued a GBX 260 ($3.46) price target on shares of Ibstock plc in a report on Wednesday, June 29th. JPMorgan Chase & Co. restated an overweight rating and issued a GBX 170 ($2.26) price target on shares of Ibstock plc in a report on Monday, August 8th. Beaufort Securities restated a buy rating on shares of Ibstock plc in a report on Monday, August 8th. Finally, Barclays PLC restated an overweight rating and issued a GBX 245 ($3.26) price target on shares of Ibstock plc in a report on Wednesday, June 15th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of Buy and an average target price of GBX 184.20 ($2.45).
Ibstock plc (LON:IBST) opened at 160.80 on Tuesday. The firm’s market cap is GBX 652.70 million. The stock has a 50 day moving average of GBX 165.81 and a 200 day moving average of GBX 180.29. Ibstock plc has a one year low of GBX 113.20 and a one year high of GBX 227.20.
The company also recently disclosed a dividend, which will be paid on Friday, September 23rd. Stockholders of record on Thursday, August 18th will be paid a dividend of GBX 2.40 ($0.03) per share. The ex-dividend date of this dividend is Thursday, August 18th. This represents a dividend yield of 1.57%.
Ibstock plc Company Profile
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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