Ibstock’s (IBST) Hold Rating Reiterated at Berenberg Bank

Ibstock (LON:IBST)‘s stock had its “hold” rating reissued by Berenberg Bank in a research note issued to investors on Thursday, Marketbeat Ratings reports. They currently have a GBX 150 ($1.90) price target on the stock. Berenberg Bank’s price target indicates a potential upside of 0.78% from the company’s previous close.

Ibstock Stock Performance

Shares of LON:IBST traded down GBX 2.56 ($0.03) on Thursday, reaching GBX 148.84 ($1.89). The company’s stock had a trading volume of 1,178,208 shares, compared to its average volume of 863,714. The stock’s 50-day moving average is GBX 153.35 and its two-hundred day moving average is GBX 143.59. Ibstock has a 52-week low of GBX 118 ($1.50) and a 52-week high of GBX 179.60 ($2.28). The company has a debt-to-equity ratio of 37.28, a current ratio of 1.62 and a quick ratio of 1.19. The stock has a market capitalization of £584.70 million, a P/E ratio of 875.88, a PEG ratio of 0.66 and a beta of 1.35.

Ibstock Company Profile

Ibstock plc manufactures and sells clay and concrete building products and solutions 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; retaining walls, such as stepoc, slopeloc, and keystone.