Ibstock plc (IBST) Receives New Coverage from Analysts at Berenberg Bank

Berenberg Bank initiated coverage on shares of Ibstock plc (LON:IBST) in a research report released on Friday, May 12th, MarketBeat reports. The firm issued a buy rating and a GBX 310 ($3.92) price objective on the stock.

Several other analysts have also commented on the stock. Barclays PLC reissued an overweight rating and set a GBX 245 ($3.10) price target on shares of Ibstock plc in a research report on Thursday, April 27th. Jefferies Group LLC increased their price target on shares of Ibstock plc from GBX 230 ($2.91) to GBX 240 ($3.04) and gave the company a buy rating in a research report on Tuesday, March 14th. Numis Securities Ltd increased their price objective on shares of Ibstock plc from GBX 195 ($2.47) to GBX 240 ($3.04) and gave the company an add rating in a research report on Wednesday, March 8th. Peel Hunt reaffirmed a hold rating and issued a GBX 190 ($2.40) price objective on shares of Ibstock plc in a research report on Tuesday, March 7th. Finally, Beaufort Securities reaffirmed a buy rating on shares of Ibstock plc in a research report on Tuesday, January 17th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Ibstock plc currently has a consensus rating of Buy and an average target price of GBX 247.50 ($3.13).

Shares of Ibstock plc (LON IBST) opened at 261.00 on Friday. The firm’s 50-day moving average is GBX 240.59 and its 200-day moving average is GBX 207.11. The company’s market capitalization is GBX 1.06 billion. Ibstock plc has a 1-year low of GBX 113.20 and a 1-year high of GBX 261.00.

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In other Ibstock plc news, insider Justin Read purchased 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 29th. The shares were bought at an average price of GBX 210 ($2.66) per share, for a total transaction of £21,000 ($26,565.46).

Ibstock plc Company Profile

Ibstock plc is a United Kingdom-based company, which is engaged in manufacturing of clay bricks and concrete products. The Company’s segments are the UK and the US. The Company’s principal products include clay bricks, brick components, concrete stone masonry substitutes, concrete fencing, pre-stressed concrete products and concrete rail products.

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