Barclays Reiterates “Equal weight” Rating for Ibstock (IBST)

Ibstock (LON:IBST)‘s stock had its “equal weight” rating reiterated by Barclays in a research note issued on Friday.

A number of other research analysts also recently weighed in on IBST. JPMorgan Chase & Co. restated an “overweight” rating and set a GBX 300 ($4.07) price objective on shares of Ibstock in a research report on Friday. Peel Hunt downgraded shares of Ibstock to a “hold” rating and set a GBX 285 ($3.86) price objective on the stock. in a research report on Thursday. Finally, Deutsche Bank restated a “buy” rating and set a GBX 292 ($3.96) price objective on shares of Ibstock in a research report on Monday, January 8th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of GBX 279.67 ($3.79).

Shares of Ibstock (LON IBST) traded up GBX 3 ($0.04) during trading on Friday, reaching GBX 260.20 ($3.53). 1,434,742 shares of the company were exchanged, compared to its average volume of 703,706. The company has a market capitalization of $1,060.00 and a P/E ratio of 1,182.73. Ibstock has a 12 month low of GBX 175.10 ($2.37) and a 12 month high of GBX 273.40 ($3.71).

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About Ibstock

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.

Analyst Recommendations for Ibstock (LON:IBST)

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