Ibstock (IBST) Earns “Buy” Rating from Berenberg Bank

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Berenberg Bank reissued their buy rating on shares of Ibstock (LON:IBST) in a research note issued to investors on Thursday morning, Digital Look reports. Berenberg Bank currently has a GBX 310 ($4.05) target price on the stock.

Several other equities research analysts have also issued reports on IBST. Peel Hunt reaffirmed an add rating on shares of Ibstock in a report on Thursday. Jefferies Financial Group reaffirmed a buy rating and set a GBX 293 ($3.83) price target on shares of Ibstock in a report on Tuesday, May 7th. Numis Securities reaffirmed an add rating on shares of Ibstock in a report on Thursday, May 16th. JPMorgan Chase & Co. lifted their price target on shares of Ibstock from GBX 295 ($3.85) to GBX 300 ($3.92) and gave the company an overweight rating in a report on Wednesday, March 6th. Finally, UBS Group reaffirmed a neutral rating and set a GBX 270 ($3.53) price target on shares of Ibstock in a report on Wednesday, March 6th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average price target of GBX 290.29 ($3.79).

IBST stock opened at GBX 243 ($3.18) on Thursday. The company has a debt-to-equity ratio of 18.85, a quick ratio of 0.87 and a current ratio of 1.60. Ibstock has a 12 month low of GBX 190.70 ($2.49) and a 12 month high of GBX 305 ($3.99). The stock has a market capitalization of $993.99 million and a price-to-earnings ratio of 12.93.

Ibstock (LON:IBST) last announced its quarterly earnings results on Tuesday, March 5th. The company reported GBX 18.80 ($0.25) earnings per share (EPS) for the quarter, beating the consensus estimate of GBX 18.60 ($0.24) by GBX 0.20 ($0.00). Equities research analysts forecast that Ibstock will post 2162.00001555035 earnings per share for the current fiscal year.

The business also recently declared a dividend, which will be paid on Friday, June 7th. Investors of record on Thursday, May 9th will be issued a dividend of GBX 6.50 ($0.08) per share. This represents a dividend yield of 2.53%. The ex-dividend date of this dividend is Thursday, May 9th. Ibstock’s dividend payout ratio (DPR) is presently 0.53%.

Ibstock Company Profile

Ibstock plc manufactures and sells a range of 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.

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Analyst Recommendations for Ibstock (LON:IBST)

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