Jefferies Financial Group Cuts Ibstock (LON:IBST) Price Target to GBX 90

Ibstock (LON:IBST) had its target price decreased by Jefferies Financial Group from GBX 115 to GBX 90 in a research note published on Monday, MarketBeat.com reports. Jefferies Financial Group currently has a hold rating on the stock.

IBST has been the subject of a number of other research reports. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a GBX 100 price objective on shares of Ibstock in a research report on Thursday, August 6th. Peel Hunt restated a “buy” rating and issued a GBX 125 target price on shares of Ibstock in a research note on Wednesday, August 5th. Berenberg Bank lowered their target price on Ibstock from GBX 135 to GBX 120 and set a “hold” rating for the company in a report on Friday, May 22nd. Finally, Royal Bank Of Canada dropped their price target on Ibstock from GBX 160 to GBX 130 and set an “outperform” rating on the stock in a research report on Thursday, July 30th. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of GBX 113.

Ibstock Stock Performance

Ibstock stock opened at GBX 92 on Monday. The company has a debt-to-equity ratio of 54.38, a current ratio of 1.28 and a quick ratio of 1.19. Ibstock has a 12 month low of GBX 87.65 and a 12 month high of GBX 149.60. The company has a fifty day moving average price of GBX 93.71 and a two-hundred day moving average price of GBX 105.47. The company has a market cap of £363.41 million, a PE ratio of 115.00, a P/E/G ratio of 0.47 and a beta of 0.85.

Ibstock (LON:IBST) last issued its earnings results on Wednesday, August 5th. The company reported GBX 0.70 earnings per share for the quarter. Ibstock had a negative net margin of 6.67% and a negative return on equity of 6.19%. Research analysts expect 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.