Ibstock plc (IBST) PT Raised to GBX 300

Ibstock plc (LON:IBST) had its target price lifted by Jefferies Group LLC from GBX 290 ($3.76) to GBX 300 ($3.89) in a research report issued on Monday. The firm presently has a “buy” rating on the stock. Jefferies Group LLC’s price target would indicate a potential upside of 31.98% from the company’s current price.

Several other research firms have also commented on IBST. Peel Hunt reiterated a “hold” rating and issued a GBX 265 ($3.44) target price on shares of Ibstock plc in a research note on Thursday, August 10th. Barclays PLC reiterated an “overweight” rating on shares of Ibstock plc in a research note on Friday, July 7th. Berenberg Bank initiated coverage on Ibstock plc in a research note on Friday, May 12th. They issued a “buy” rating and a GBX 310 ($4.02) target price for the company. Beaufort Securities reiterated a “buy” rating on shares of Ibstock plc in a research note on Friday, August 11th. Finally, Numis Securities Ltd reiterated an “add” rating and issued a GBX 270 ($3.51) target price on shares of Ibstock plc in a research note on Friday, August 11th. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of GBX 269.33 ($3.50).

Ibstock plc (LON IBST) opened at 227.30 on Monday. The stock’s 50 day moving average price is GBX 245.70 and its 200-day moving average price is GBX 226.36. Ibstock plc has a 12-month low of GBX 156.64 and a 12-month high of GBX 261.00. The stock’s market capitalization is GBX 923.57 million.

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In other Ibstock plc news, insider Kevin Sims sold 2,000,000 shares of the business’s stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of GBX 241 ($3.13), for a total transaction of £4,820,000 ($6,257,302.35). Also, insider Justin Read purchased 7,500 shares of the stock in a transaction on Friday, August 11th. The shares were purchased at an average cost of GBX 227 ($2.95) per share, with a total value of £17,025 ($22,101.78).

About Ibstock plc

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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