Ibstock (IBST) Downgraded by Numis Securities to Hold

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Ibstock (LON:IBST) was downgraded by equities research analysts at Numis Securities to a “hold” rating in a research note issued on Wednesday, Digital Look reports. They currently have a GBX 270 ($3.53) price objective on the stock. Numis Securities’ price target points to a potential upside of 7.31% from the stock’s current price.

IBST has been the topic of several other reports. JPMorgan Chase & Co. upped their price target on Ibstock from GBX 295 ($3.85) to GBX 300 ($3.92) and gave the company an “overweight” rating in a research report on Wednesday, March 6th. Berenberg Bank dropped their price target on Ibstock from GBX 310 ($4.05) to GBX 290 ($3.79) and set a “buy” rating on the stock in a research report on Monday, January 28th. UBS Group dropped their price target on Ibstock from GBX 290 ($3.79) to GBX 270 ($3.53) and set a “buy” rating on the stock in a research report on Wednesday, January 9th. Finally, Peel Hunt upped their price target on Ibstock from GBX 255 ($3.33) to GBX 280 ($3.66) and gave the company an “add” rating in a research report on Tuesday, March 5th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of GBX 292.71 ($3.82).

Shares of IBST opened at GBX 251.60 ($3.29) on Wednesday. Ibstock has a 52-week low of GBX 190.70 ($2.49) and a 52-week high of GBX 305.80 ($4.00). The company has a market capitalization of $1.03 billion and a price-to-earnings ratio of 13.38. The company has a current ratio of 1.60, a quick ratio of 0.92 and a debt-to-equity ratio of 18.85.

Ibstock (LON:IBST) last announced its earnings results on Tuesday, March 5th. The company reported GBX 18.80 ($0.25) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of GBX 18.60 ($0.24) by GBX 0.20 ($0.00). Sell-side analysts expect that Ibstock will post 2162.00003504115 earnings per share for the current fiscal year.

Ibstock Company Profile

Ibstock plc manufactures and sells clay and concrete products in the United Kingdom and the United States. Its principal products include clay bricks, brick components, concrete roof tiles, concrete stone masonry substitutes, concrete fencing, pre-stressed concrete, and concrete rail products. The company also provides concrete lintels; precast and pre-stressed concrete products; and architectural masonry, landmark stone and walling stones.

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Analyst Recommendations for Ibstock (LON:IBST)

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