Ibstock plc (IBST) Receives Average Recommendation of “Buy” from Brokerages
Shares of Ibstock plc (LON:IBST) have received a consensus rating of “Buy” from the ten ratings firms that are covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12-month price target among brokerages that have covered the stock in the last year is GBX 265.63 ($3.43).
A number of equities analysts have issued reports on the company. Peel Hunt upped their target price on Ibstock plc from GBX 215 ($2.78) to GBX 265 ($3.42) and gave the company a “hold” rating in a research report on Monday, June 19th. Jefferies Group LLC upped their target price on Ibstock plc from GBX 240 ($3.10) to GBX 290 ($3.75) and gave the company a “buy” rating in a research report on Monday, June 26th. Deutsche Bank AG upped their target price on Ibstock plc from GBX 235 ($3.03) to GBX 299 ($3.86) and gave the company a “buy” rating in a research report on Monday, June 26th. Barclays PLC reaffirmed an “overweight” rating on shares of Ibstock plc in a research report on Friday, July 7th. Finally, BNP Paribas reaffirmed an “outperform” rating and issued a GBX 280 ($3.62) target price on shares of Ibstock plc in a research report on Thursday, July 20th.
Shares of Ibstock plc (LON:IBST) opened at 230.20 on Friday. The firm’s market cap is GBX 935.35 million. The company has a 50-day moving average of GBX 237.93 and a 200 day moving average of GBX 232.67. Ibstock plc has a one year low of GBX 156.64 and a one year high of GBX 261.00.
The business also recently announced a dividend, which will be paid on Friday, September 22nd. Shareholders of record on Thursday, August 17th will be given a GBX 2.60 ($0.03) dividend. This represents a yield of 1.11%. The ex-dividend date is Thursday, August 17th.
In other Ibstock plc news, insider Kevin Sims sold 2,000,000 shares of the stock in a transaction on Thursday, August 10th. The stock was sold at an average price of GBX 241 ($3.11), for a total value of £4,820,000 ($6,224,977.40). Also, insider Justin Read bought 7,500 shares of the company’s stock in a transaction on Friday, August 11th. The stock was bought at an average cost of GBX 227 ($2.93) per share, for a total transaction of £17,025 ($21,987.60).
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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