Ibstock plc (IBST) Stock Rating Reaffirmed by Barclays PLC
Ibstock plc (LON:IBST)‘s stock had its “overweight” rating reiterated by equities researchers at Barclays PLC in a note issued to investors on Friday. They currently have a GBX 255 ($3.32) price objective on the stock. Barclays PLC’s price target suggests a potential upside of 9.68% from the stock’s current price.
Other research analysts have also issued research reports about the stock. Peel Hunt reaffirmed a “hold” rating and issued a GBX 265 ($3.45) target price on shares of Ibstock plc in a research note on Thursday. BNP Paribas reiterated an “outperform” rating and issued a GBX 280 ($3.65) price target on shares of Ibstock plc in a research report on Thursday, July 20th. Deutsche Bank AG increased their price target on shares of Ibstock plc from GBX 235 ($3.06) to GBX 299 ($3.89) and gave the company a “buy” rating in a research report on Monday, June 26th. Jefferies Group LLC increased their price target on shares of Ibstock plc from GBX 240 ($3.13) to GBX 290 ($3.78) and gave the company a “buy” rating in a research report on Monday, June 26th. Finally, Berenberg Bank initiated coverage on shares of Ibstock plc in a research report on Friday, May 12th. They issued a “buy” rating and a GBX 310 ($4.04) price target on the stock. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of GBX 264.89 ($3.45).
Shares of Ibstock plc (LON:IBST) opened at 232.50 on Friday. The company’s market capitalization is GBX 944.69 million. The company has a 50 day moving average of GBX 247.71 and a 200-day moving average of GBX 225.17. Ibstock plc has a 12-month low of GBX 156.64 and a 12-month high of GBX 261.00.
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In other news, insider Jonathan C. Nicholls purchased 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 30th. The shares were acquired at an average cost of GBX 241 ($3.14) per share, for a total transaction of £24,100 ($31,384.29).
About Ibstock plc
Ibstock plc is a United Kingdom-based company, which is engaged in manufacturing of clay bricks and concrete products. The Company’s segments are the UK and the US. The Company’s principal products include clay bricks, brick components, concrete stone masonry substitutes, concrete fencing, pre-stressed concrete products and concrete rail products.
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