Shares of Ibstock plc (LON:IBST) have been assigned an average rating of “Buy” from the six research firms that are covering the stock. One research analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is GBX 185 ($2.29).
Several brokerages recently weighed in on IBST. JPMorgan Chase & Co. dropped their price objective on Ibstock plc from GBX 245 ($3.03) to GBX 185 ($2.29) and set an “overweight” rating for the company in a research report on Thursday, June 30th. Numis Securities Ltd dropped their price objective on Ibstock plc from GBX 235 ($2.91) to GBX 195 ($2.41) and set an “add” rating for the company in a research report on Tuesday, September 13th. Jefferies Group upped their price objective on Ibstock plc from GBX 170 ($2.10) to GBX 190 ($2.35) and gave the stock a “buy” rating in a research report on Wednesday, August 10th. Deutsche Bank AG restated a “buy” rating and set a GBX 181 ($2.24) price objective on shares of Ibstock plc in a research report on Tuesday, August 2nd. Finally, Barclays PLC dropped their price objective on Ibstock plc from GBX 245 ($3.03) to GBX 185 ($2.29) and set an “overweight” rating for the company in a research report on Thursday, June 30th.
Ibstock plc (LON:IBST) opened at 161.40 on Tuesday. The company’s market cap is GBX 655.14 million. The firm’s 50-day moving average price is GBX 167.87 and its 200-day moving average price is GBX 175.59. Ibstock plc has a one year low of GBX 113.20 and a one year high of GBX 227.20.
The company also recently announced a dividend, which was paid on Friday, September 23rd. Shareholders of record on Thursday, August 18th were issued a GBX 2.40 ($0.03) dividend. The ex-dividend date was Thursday, August 18th. This represents a yield of 1.57%.
About Ibstock plc
Ibstock plc (Ibstock) is a United Kingdom-based brick manufacturer. The Company manufactures clay bricks and concrete products with operations in the United Kingdom and the United States. The Company operates through four businesses: the United Kingdom business consisting of Ibstock Brick, Supreme and Forticrete, and the United States business consisting of Glen-Gery.
Receive News & Ratings for Ibstock plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ibstock plc and related companies with MarketBeat.com's FREE daily email newsletter.