Ibstock plc (IBST) Receives Average Rating of “Buy” from Analysts
Shares of Ibstock plc (LON:IBST) have received a consensus recommendation of “Buy” from the ten analysts that are covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is GBX 264.38 ($3.48).
Several analysts recently weighed in on the company. Peel Hunt lifted their price target on Ibstock plc from GBX 215 ($2.83) to GBX 265 ($3.48) and gave the stock a “hold” rating in a report on Monday, June 19th. Jefferies Group LLC lifted their price target on Ibstock plc from GBX 240 ($3.16) to GBX 290 ($3.81) and gave the stock a “buy” rating in a report on Monday, June 26th. Deutsche Bank AG lifted their price target on Ibstock plc from GBX 235 ($3.09) to GBX 299 ($3.93) and gave the stock a “buy” rating in a report on Monday, June 26th. Barclays PLC reissued an “overweight” rating on shares of Ibstock plc in a report on Friday, July 7th. Finally, BNP Paribas reissued an “outperform” rating and set a GBX 280 ($3.68) price target on shares of Ibstock plc in a report on Thursday, July 20th.
Shares of Ibstock plc (LON:IBST) opened at 245.40 on Thursday. Ibstock plc has a 52-week low of GBX 156.64 and a 52-week high of GBX 261.00. The company’s market capitalization is GBX 997.11 million. The stock’s 50 day moving average price is GBX 233.55 and its 200-day moving average price is GBX 236.06.
The business also recently disclosed a dividend, which was paid on Friday, September 22nd. Shareholders of record on Thursday, August 17th were paid a dividend of GBX 2.60 ($0.03) per share. The ex-dividend date was Thursday, August 17th. This represents a yield of 1.11%.
In related news, insider Justin Read acquired 7,500 shares of the stock in a transaction on Friday, August 11th. The shares were purchased at an average price of GBX 227 ($2.98) per share, for a total transaction of £17,025 ($22,383.64). Also, insider Kevin Sims sold 2,000,000 shares of the firm’s stock in a transaction on Thursday, August 10th. The stock was sold at an average price of GBX 241 ($3.17), for a total value of £4,820,000 ($6,337,102.29).
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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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