Ibstock (LON:IBST) Stock Price Target Lowered at Deutsche Bank Aktiengesellschaft

Ibstock (LON:IBST) had its target price decreased by equities researchers at Deutsche Bank Aktiengesellschaft from GBX 100 to GBX 80 in a note issued to investors on Monday, Digital Look reports. The firm presently has a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft‘s price objective indicates a potential upside of 4.61% from the stock’s previous close.

A number of other research analysts also recently issued reports on the stock. Jefferies Financial Group reiterated a “hold” rating and set a GBX 90 target price on shares of Ibstock in a research report on Tuesday, November 3rd. Berenberg Bank cut their target price on shares of Ibstock from GBX 90 to GBX 75 and set a “hold” rating on the stock in a research note on Tuesday, November 3rd. Peel Hunt restated a “buy” rating and issued a GBX 125 price target on shares of Ibstock in a report on Wednesday, August 5th. Finally, Royal Bank Of Canada decreased their price target on shares of Ibstock from GBX 160 to GBX 130 and set an “outperform” rating for the company in a research note on Thursday, July 30th. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, Ibstock has a consensus rating of “Hold” and an average target price of GBX 100.

Ibstock Stock Performance

Shares of IBST stock opened at GBX 76.47 on Monday. The company has a market cap of £302.07 million, a price-to-earnings ratio of -13.42, a price-to-earnings-growth ratio of 0.47 and a beta of 0.84. Ibstock has a 52 week low of GBX 68.80 and a 52 week high of GBX 143.80. The company has a quick ratio of 1.19, a current ratio of 1.28 and a debt-to-equity ratio of 54.38. The firm has a 50 day moving average of GBX 79.79 and a 200-day moving average of GBX 98.31.

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.