Ibstock plc (IBST) Receives Consensus Rating of “Buy” from Analysts
Shares of Ibstock plc (LON:IBST) have been given a consensus rating of “Buy” by the six research firms that are covering the stock. One analyst has rated the stock with a hold recommendation and five 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 185 ($2.29).
Several research firms have recently commented on IBST. Barclays PLC reissued an “overweight” rating and set a GBX 185 ($2.29) price target on shares of Ibstock plc in a research note on Wednesday, September 21st. JPMorgan Chase & Co. reissued an “overweight” rating and set a GBX 170 ($2.10) price target on shares of Ibstock plc in a research note on Friday, September 16th. Deutsche Bank AG reissued a “buy” rating on shares of Ibstock plc in a research note on Wednesday, September 7th. Numis Securities Ltd decreased their price target on shares of Ibstock plc from GBX 235 ($2.91) to GBX 195 ($2.41) and set an “add” rating on the stock in a research note on Tuesday, September 13th. Finally, Jefferies Group increased their price target on shares of Ibstock plc from GBX 170 ($2.10) to GBX 190 ($2.35) and gave the company a “buy” rating in a research note on Wednesday, August 10th.
Ibstock plc (LON:IBST) traded up 0.74% on Tuesday, hitting GBX 162.30. The company’s stock had a trading volume of 334,061 shares. The company’s market capitalization is GBX 658.79 million. Ibstock plc has a 1-year low of GBX 113.20 and a 1-year high of GBX 227.20. The company has a 50 day moving average price of GBX 168.50 and a 200-day moving average price of GBX 176.04.
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The firm also recently disclosed a dividend, which was paid on Friday, September 23rd. Shareholders of record on Thursday, August 18th were paid a GBX 2.40 ($0.03) dividend. The ex-dividend date of this dividend was Thursday, August 18th. This represents a yield of 1.57%.
Ibstock plc Company Profile
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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