Ibstock (OTCMKTS:IBJHF) Stock Price Up 21% – Here’s What Happened

Ibstock plc (OTCMKTS:IBJHF)’s stock price was up 21% during mid-day trading on Monday . The stock traded as high as $2.06 and last traded at $2.06. Approximately 10,000 shares changed hands during mid-day trading, a decline of 50% from the average daily volume of 19,900 shares. The stock had previously closed at $1.70.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on IBJHF shares. Investec raised shares of Ibstock to a “buy” rating in a report on Wednesday, March 5th. UBS Group reaffirmed a “buy” rating on shares of Ibstock in a report on Thursday, March 6th. Finally, Royal Bank of Canada restated an “outperform” rating on shares of Ibstock in a research note on Friday, March 7th.

Ibstock Price Performance

The company’s fifty day moving average price is $1.72 and its 200 day moving average price is $1.71.

Ibstock Company Profile

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.