Ibstock (IBST) Receives “Buy” Rating from Deutsche Bank

Deutsche Bank reiterated their buy rating on shares of Ibstock (LON:IBST) in a report issued on Monday morning. The brokerage currently has a GBX 292 ($3.96) price objective on the stock.

IBST has been the topic of several other research reports. Jefferies Group reaffirmed a buy rating and issued a GBX 300 ($4.07) price target on shares of Ibstock in a research note on Tuesday, September 19th. Peel Hunt upgraded Ibstock to a buy rating and boosted their price objective for the company from GBX 265 ($3.59) to GBX 285 ($3.86) in a report on Wednesday, December 6th. Finally, Barclays downgraded Ibstock to an equal weight rating and set a GBX 245 ($3.32) price objective on the stock. in a report on Wednesday, September 20th. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Ibstock currently has an average rating of Buy and a consensus price target of GBX 269.67 ($3.66).

Ibstock (LON:IBST) opened at GBX 268 ($3.63) on Monday. Ibstock has a 12 month low of GBX 173.90 ($2.36) and a 12 month high of GBX 269.80 ($3.66). The company has a market capitalization of $1,080.00 and a price-to-earnings ratio of 1,218.18.

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Ibstock 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.

Analyst Recommendations for Ibstock (LON:IBST)

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