Barclays PLC Reaffirms Overweight Rating for Ibstock plc (IBST)
Ibstock plc (LON:IBST)‘s stock had its “overweight” rating reiterated by investment analysts at Barclays PLC in a research report issued on Wednesday. They currently have a GBX 185 ($2.41) target price on the stock. Barclays PLC’s price objective suggests a potential upside of 15.19% from the stock’s previous close.
IBST has been the topic of several other research reports. Beaufort Securities reaffirmed a “buy” rating on shares of Ibstock plc in a report on Monday, August 8th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a GBX 170 ($2.22) price target on shares of Ibstock plc in a report on Friday, September 16th. Deutsche Bank AG reaffirmed a “buy” rating on shares of Ibstock plc in a report on Wednesday, September 7th. Finally, Jefferies Group reaffirmed a “buy” rating and issued a GBX 260 ($3.39) price target on shares of Ibstock plc in a report on Wednesday, June 29th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of GBX 184.20 ($2.40).
Ibstock plc (LON:IBST) opened at 161.70 on Wednesday. The company’s 50-day moving average price is GBX 166.25 and its 200 day moving average price is GBX 179.44. The company’s market capitalization is GBX 656.35 million. Ibstock plc has a 12 month low of GBX 113.20 and a 12 month high of GBX 227.20.
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The business also recently announced a dividend, which will be paid on Friday, September 23rd. Investors of record on Thursday, August 18th will be given a GBX 2.40 ($0.03) dividend. The ex-dividend date is Thursday, August 18th. This represents a yield of 1.57%.
About Ibstock plc
Ibstock plc (Ibstock) is a United Kingdom-based brick manufacturer. The Company manufactures clay bricks and concrete products with operations in the United Kingdom and the United States. The Company operates through four businesses: the United Kingdom business consisting of Ibstock Brick, Supreme and Forticrete, and the United States business consisting of Glen-Gery.
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