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

Ibstock (LON:IBST)‘s stock had its “hold” rating reissued by analysts at Berenberg Bank in a research report issued to clients and investors on Thursday, MarketBeat.com reports. They presently have a GBX 150 ($1.85) price objective on the stock. Berenberg Bank’s price objective would suggest a potential upside of 1.63% from the stock’s current price.

Ibstock Price Performance

IBST stock opened at GBX 147.60 ($1.82) on Thursday. The company has a 50 day simple moving average of GBX 152.82 and a 200 day simple moving average of GBX 144.85. The stock has a market cap of £579.09 million, a price-to-earnings ratio of 2,996.00, a P/E/G ratio of 0.66 and a beta of 1.35. Ibstock has a 1 year low of GBX 118 ($1.46) and a 1 year high of GBX 178.50 ($2.20). The company has a debt-to-equity ratio of 42.09, a current ratio of 1.50 and a quick ratio of 1.19.

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.