Ibstock plc’s (LON:IBST) Add Rating Reiterated at Numis Securities Ltd
Ibstock plc (LON:IBST)‘s stock had its “add” rating reissued by equities research analysts at Numis Securities Ltd in a research report issued on Friday, MarketBeat.com reports. They currently have a GBX 270 ($3.52) target price on the stock. Numis Securities Ltd’s price objective suggests a potential upside of 19.36% from the stock’s previous close.
IBST has been the topic of several other reports. Peel Hunt raised their price objective on Ibstock plc from GBX 215 ($2.80) to GBX 265 ($3.45) and gave the company a “hold” rating in a research report on Monday, June 19th. Jefferies Group LLC raised their price objective on Ibstock plc from GBX 240 ($3.13) to GBX 290 ($3.78) and gave the company a “buy” rating in a research report on Monday, June 26th. Deutsche Bank AG raised their price objective on Ibstock plc from GBX 235 ($3.06) to GBX 299 ($3.89) and gave the company a “buy” rating in a research report on Monday, June 26th. Barclays PLC reissued an “overweight” rating on shares of Ibstock plc in a research report on Friday, July 7th. Finally, BNP Paribas reissued an “outperform” rating and issued a GBX 280 ($3.65) price objective on shares of Ibstock plc in a research report on Thursday, July 20th. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of GBX 268.22 ($3.49).
Shares of Ibstock plc (LON IBST) traded down 2.71% on Friday, reaching GBX 226.20. The company had a trading volume of 1,756,294 shares. Ibstock plc has a 52 week low of GBX 156.64 and a 52 week high of GBX 261.00. The firm’s market capitalization is GBX 919.10 million. The company’s 50-day moving average price is GBX 246.83 and its 200 day moving average price is GBX 225.49.
In other news, insider Kevin Sims sold 2,000,000 shares of Ibstock plc stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of GBX 241 ($3.14), for a total transaction of £4,820,000 ($6,276,858.97). Also, insider Jonathan C. Nicholls bought 10,000 shares of the company’s stock in a transaction dated Tuesday, May 30th. The shares were acquired at an average cost of GBX 241 ($3.14) per share, for a total transaction of £24,100 ($31,384.29).
Ibstock plc 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.
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