BNP Paribas Reaffirms Outperform Rating for Ibstock plc (LON:IBST)
Ibstock plc (LON:IBST)‘s stock had its “outperform” rating reissued by stock analysts at BNP Paribas in a research note issued to investors on Thursday. They currently have a GBX 280 ($3.66) target price on the stock. BNP Paribas’ price target suggests a potential upside of 13.82% from the company’s previous close.
IBST has been the topic of a number of other reports. Peel Hunt boosted their price target on shares of Ibstock plc from GBX 215 ($2.81) to GBX 265 ($3.46) and gave the company a “hold” rating in a research note on Monday, June 19th. Barclays PLC reissued an “overweight” rating and issued a GBX 245 ($3.20) price target on shares of Ibstock plc in a research note on Thursday, April 27th. Deutsche Bank AG boosted their price target on shares of Ibstock plc from GBX 235 ($3.07) to GBX 299 ($3.90) and gave the company a “buy” rating in a research note on Monday, June 26th. Jefferies Group LLC boosted their price target on shares of Ibstock plc from GBX 240 ($3.13) to GBX 290 ($3.79) and gave the company a “buy” rating in a research note on Monday, June 26th. Finally, Berenberg Bank assumed coverage on shares of Ibstock plc in a research note on Friday, May 12th. They issued a “buy” rating and a GBX 310 ($4.05) price target on the stock. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of GBX 268.22 ($3.50).
Shares of Ibstock plc (IBST) traded down 0.41% during trading on Thursday, reaching GBX 245.00. 618,225 shares of the company’s stock were exchanged. The stock’s market cap is GBX 995.48 million. The company has a 50 day moving average of GBX 249.08 and a 200 day moving average of GBX 218.12. Ibstock plc has a 12-month low of GBX 138.10 and a 12-month high of GBX 261.00.
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In other Ibstock plc news, insider Jonathan C. Nicholls acquired 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 30th. The stock was purchased at an average price of GBX 241 ($3.15) per share, for a total transaction of £24,100 ($31,470.36).
About Ibstock plc
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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