Recent Analysts’ Ratings Updates for Ibstock (IBST)

Several brokerages have updated their recommendations and price targets on shares of Ibstock (LON: IBST) in the last few weeks:

  • 8/5/2019 – Ibstock was upgraded by analysts at UBS Group AG to a “buy” rating. They now have a GBX 260 ($3.40) price target on the stock, down previously from GBX 270 ($3.53).
  • 8/2/2019 – Ibstock had its price target lowered by analysts at Berenberg Bank from GBX 310 ($4.05) to GBX 300 ($3.92). They now have a “buy” rating on the stock.
  • 7/29/2019 – Ibstock had its “neutral” rating reaffirmed by analysts at UBS Group AG.
  • 7/29/2019 – Ibstock had its “add” rating reaffirmed by analysts at Peel Hunt.
  • 7/25/2019 – Ibstock had its price target lowered by analysts at JPMorgan Chase & Co. from GBX 300 ($3.92) to GBX 290 ($3.79). They now have an “overweight” rating on the stock.
  • 7/22/2019 – Ibstock had its “add” rating reaffirmed by analysts at Peel Hunt.
  • 7/9/2019 – Ibstock had its “add” rating reaffirmed by analysts at Peel Hunt.
  • 6/25/2019 – Ibstock had its “buy” rating reaffirmed by analysts at Jefferies Financial Group Inc.
  • 6/14/2019 – Ibstock had its “add” rating reaffirmed by analysts at Peel Hunt.

Ibstock stock traded down GBX 5.40 ($0.07) during mid-day trading on Monday, hitting GBX 215 ($2.81). 1,656,369 shares of the company’s stock were exchanged, compared to its average volume of 1,100,000. The company has a debt-to-equity ratio of 28.00, a quick ratio of 0.99 and a current ratio of 1.68. The firm has a market capitalization of $879.77 million and a PE ratio of 13.03. Ibstock plc has a 1-year low of GBX 190.70 ($2.49) and a 1-year high of GBX 265.60 ($3.47). The business has a 50 day moving average price of GBX 234.71.

The firm also recently announced a dividend, which will be paid on Friday, September 20th. Shareholders of record on Thursday, August 15th will be given a dividend of GBX 8.20 ($0.11) per share. This represents a yield of 3.6%. This is an increase from Ibstock’s previous dividend of $6.50. The ex-dividend date of this dividend is Thursday, August 15th. Ibstock’s dividend payout ratio is presently 0.61%.

Ibstock plc manufactures and sells a range of clay and concrete products in the United Kingdom and the United States. Its principal products include clay bricks, brick components, concrete roof tiles, concrete stone masonry substitutes, concrete fencing, pre-stressed concrete, and concrete rail products.

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