Ibstock’s (IBST) Buy Rating Reiterated at Peel Hunt

Peel Hunt restated their buy rating on shares of Ibstock (LON:IBST) in a research report report published on Wednesday morning,Digital Look reports. They currently have a GBX 125 target price on the stock.

IBST has been the subject of several other reports. Berenberg Bank decreased their price target on shares of Ibstock from GBX 135 to GBX 120 and set a “hold” rating for the company in a research report on Friday, May 22nd. Jefferies Financial Group reduced their price target on Ibstock from GBX 133 to GBX 127 and set a “buy” rating on the stock in a research report on Monday, April 20th. Finally, Royal Bank Of Canada decreased their target price on shares of Ibstock from GBX 160 to GBX 130 and set an “outperform” rating for the company in a research report on Thursday, July 30th. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 120.40.

Ibstock Trading Up 2.1%

Shares of IBST stock opened at GBX 93.02 on Wednesday. The firm has a market capitalization of £367.42 million, a P/E ratio of 116.27, a P/E/G ratio of 0.47 and a beta of 0.86. Ibstock has a twelve month low of GBX 87.65 and a twelve month high of GBX 150.40. The company has a quick ratio of 1.19, a current ratio of 1.33 and a debt-to-equity ratio of 44.59. The stock’s fifty day simple moving average is GBX 94.06 and its 200 day simple moving average is GBX 106.54.

Ibstock (LON:IBST) last announced its quarterly earnings results on Wednesday, August 5th. The company reported GBX 0.70 EPS for the quarter. Ibstock had a return on equity of 0.79% and a net margin of 0.83%. As a group, sell-side analysts predict that Ibstock will post 11.0089552 EPS for the current fiscal year.

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.