Ibstock (LON:IBST) Earns Hold Rating from Deutsche Bank Aktiengesellschaft

Ibstock (LON:IBST)‘s stock had its “hold” rating restated by Deutsche Bank Aktiengesellschaft in a research note issued on Thursday, Marketbeat Ratings reports. They currently have a GBX 100 target price on the stock. Deutsche Bank Aktiengesellschaft’s price objective would indicate a potential upside of 7.51% from the stock’s previous close.

Other equities research analysts also recently issued research reports about the stock. Berenberg Bank cut their price objective on shares of Ibstock from GBX 135 to GBX 120 and set a “hold” rating for the company in a research report on Friday, May 22nd. Royal Bank Of Canada lowered their price objective on Ibstock from GBX 160 to GBX 130 and set an “outperform” rating on the stock in a research report on Thursday, July 30th. Peel Hunt restated a “buy” rating and set a GBX 125 target price on shares of Ibstock in a research note on Wednesday. Finally, Jefferies Financial Group reduced their price objective on shares of Ibstock from GBX 133 to GBX 127 and set a “buy” rating for the company in a research note on Monday, April 20th. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, Ibstock presently has an average rating of “Moderate Buy” and a consensus price target of GBX 120.40.

Ibstock Price Performance

LON IBST opened at GBX 93.02 on Thursday. The stock has a market capitalization of £367.42 million, a price-to-earnings ratio of 116.27, a PEG ratio of 0.47 and a beta of 0.86. The company has a debt-to-equity ratio of 44.59, a current ratio of 1.33 and a quick ratio of 1.19. The business’s fifty day moving average price is GBX 94.06 and its 200-day moving average price is GBX 106.54. Ibstock has a 1-year low of GBX 87.65 and a 1-year high of GBX 150.40.

Ibstock (LON:IBST) last released its quarterly earnings results on Wednesday, August 5th. The company reported GBX 0.70 EPS for the quarter. Ibstock had a net margin of 0.83% and a return on equity of 0.79%. On average, equities analysts predict that Ibstock will post 11.0089552 earnings per share for the current year.

About Ibstock

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.