Berenberg Bank Reaffirms Hold Rating for Ibstock (LON:IBST)

Ibstock (LON:IBST)‘s stock had its “hold” rating reissued by investment analysts at Berenberg Bank in a report issued on Monday, Marketbeat reports. They presently have a GBX 90 target price on the stock. Berenberg Bank’s price target indicates a potential upside of 13.14% from the company’s previous close.

A number of other equities analysts have also weighed in on the company. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a GBX 100 price objective on shares of Ibstock in a research note on Thursday, August 6th. Peel Hunt reaffirmed a “buy” rating and issued a GBX 125 target price on shares of Ibstock in a research note on Wednesday, August 5th. Jefferies Financial Group reduced their price target on Ibstock from GBX 115 to GBX 90 and set a “hold” rating on the stock in a report on Monday, August 10th. Finally, Royal Bank Of Canada lowered their price target on shares of Ibstock from GBX 160 to GBX 130 and set an “outperform” rating on the stock in a research report on Thursday, July 30th. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Ibstock presently has a consensus rating of “Hold” and a consensus target price of GBX 107.

Ibstock Trading Up 0.7%

Shares of Ibstock stock opened at GBX 79.55 on Monday. The stock has a market cap of £314.24 million, a P/E ratio of -13.96, a P/E/G ratio of 0.47 and a beta of 0.84. The stock’s 50 day simple moving average is GBX 84.64 and its 200-day simple moving average is GBX 93.88. Ibstock has a 1-year low of GBX 71.50 and a 1-year high of GBX 143.80. 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 (LON:IBST) last posted its quarterly earnings results on Wednesday, August 5th. The company reported GBX 0.70 earnings per share (EPS) for the quarter. Ibstock had a negative return on equity of 6.19% and a negative net margin of 6.67%. Analysts predict that Ibstock will post 11.0089552 EPS for the current fiscal 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.