Ibstock plc (IBST) Receives GBX 267.44 Consensus PT from Analysts

Shares of Ibstock plc (LON:IBST) have been given a consensus rating of “Buy” by the ten ratings firms that are covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is GBX 267.44 ($3.60).

IBST has been the subject of several recent research reports. Barclays cut Ibstock to an “equal weight” rating and set a GBX 245 ($3.30) price target for the company. in a research report on Wednesday, September 20th. Deutsche Bank reduced their price target on Ibstock from GBX 299 ($4.02) to GBX 292 ($3.93) and set a “buy” rating for the company in a research report on Monday, November 20th. Peel Hunt reiterated a “hold” rating and set a GBX 265 ($3.57) price target on shares of Ibstock in a research report on Thursday, August 10th. Jefferies Group reiterated a “buy” rating and set a GBX 300 ($4.04) price target on shares of Ibstock in a research report on Tuesday, September 19th. Finally, Numis Securities reiterated an “add” rating and set a GBX 270 ($3.63) price target on shares of Ibstock in a research report on Friday, August 11th.

Shares of Ibstock (LON:IBST) traded up GBX 3.78 ($0.05) during mid-day trading on Friday, reaching GBX 242.28 ($3.26). The company had a trading volume of 386,861 shares, compared to its average volume of 784,024. Ibstock has a 52 week low of GBX 173.90 ($2.34) and a 52 week high of GBX 261 ($3.51).

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About Ibstock

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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