Ibstock plc (IBST) Given Average Rating of “Buy” by Analysts

Ibstock plc (LON:IBST) has received an average rating of “Buy” from the ten research firms that are covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is GBX 264.38 ($3.49).

A number of analysts recently commented on IBST shares. Barclays PLC lowered Ibstock plc to an “equal weight” rating and set a GBX 245 ($3.23) price target for the company. in a research note on Wednesday, September 20th. Jefferies Group LLC reaffirmed a “buy” rating and issued a GBX 300 ($3.96) price target on shares of Ibstock plc in a research note on Tuesday, September 19th. BNP Paribas reaffirmed an “outperform” rating and issued a GBX 280 ($3.69) price target on shares of Ibstock plc in a research note on Thursday, July 20th. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 310 ($4.09) price target on shares of Ibstock plc in a research note on Friday, August 18th. Finally, Deutsche Bank AG reaffirmed a “buy” rating on shares of Ibstock plc in a research note on Wednesday, July 19th.

In other news, insider Justin Read acquired 7,500 shares of the stock in a transaction on Friday, August 11th. The stock was acquired at an average price of GBX 227 ($3.00) per share, with a total value of £17,025 ($22,466.35). Also, insider Kevin Sims sold 2,000,000 shares of the firm’s stock in a transaction on Thursday, August 10th. The shares were sold at an average price of GBX 241 ($3.18), for a total value of £4,820,000 ($6,360,517.29).

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Shares of Ibstock plc (IBST) opened at GBX 256.68 ($3.39) on Monday. Ibstock plc has a one year low of GBX 167.30 ($2.21) and a one year high of GBX 261 ($3.44).

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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