Ibstock plc (IBST) Given Average Rating of “Buy” by Brokerages
Ibstock plc (LON:IBST) has earned an average recommendation of “Buy” from the ten brokerages that are covering the firm, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average twelve-month target price among brokers that have covered the stock in the last year is GBX 267.44 ($3.58).
Several research analysts have recently weighed in on the stock. Peel Hunt restated a “hold” rating and set a GBX 265 ($3.55) price objective on shares of Ibstock in a research note on Thursday, August 10th. Barclays lowered shares of Ibstock to an “equal weight” rating and set a GBX 245 ($3.28) price objective on the stock. in a research note on Wednesday, September 20th. Berenberg Bank restated a “buy” rating and set a GBX 310 ($4.15) price objective on shares of Ibstock in a research note on Friday, August 18th. Numis Securities restated an “add” rating and set a GBX 270 ($3.62) price objective on shares of Ibstock in a research note on Friday, August 11th. Finally, Beaufort Securities restated a “buy” rating on shares of Ibstock in a research note on Friday, August 11th.
Ibstock (LON:IBST) traded down GBX 2.30 ($0.03) during trading on Friday, hitting GBX 238.50 ($3.19). 1,309,643 shares of the stock traded hands, compared to its average volume of 785,436. Ibstock has a one year low of GBX 173.90 ($2.33) and a one year high of GBX 261 ($3.50).
Ibstock 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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