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

Ibstock (LON:IBST)‘s stock had its “hold” rating reiterated by research analysts at Berenberg Bank in a research note issued on Monday, MarketBeat reports. They presently have a GBX 90 price target on the stock. Berenberg Bank’s target price would suggest a potential upside of 14.50% from the company’s current price.

IBST has been the subject of several other research reports. Jefferies Financial Group reduced their target price on shares of Ibstock from GBX 115 to GBX 90 and set a “hold” rating for the company in a report on Monday, August 10th. Royal Bank Of Canada cut 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. Peel Hunt reissued a “buy” rating and set a GBX 125 price target on shares of Ibstock in a research report on Wednesday, August 5th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a GBX 100 price objective on shares of Ibstock in a research note on Thursday, August 6th. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, Ibstock currently has an average rating of “Hold” and an average price target of GBX 107.

Ibstock Trading Down 1.2%

LON:IBST opened at GBX 78.60 on Monday. Ibstock has a twelve month low of GBX 71.50 and a twelve month 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 business has a 50 day moving average price of GBX 84.64 and a two-hundred day moving average price of GBX 93.88. The company has a market cap of £310.48 million, a P/E ratio of -13.79, a price-to-earnings-growth ratio of 0.47 and a beta of 0.84.

Ibstock (LON:IBST) last issued its quarterly 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%. As a group, analysts expect 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.