Ibstock (IBST) Receives Overweight Rating from JPMorgan Chase & Co.

Ibstock (LON:IBST)‘s stock had its “overweight” rating reiterated by research analysts at JPMorgan Chase & Co. in a research report issued on Friday. They currently have a GBX 300 ($4.07) price objective on the stock. JPMorgan Chase & Co.’s price objective points to a potential upside of 15.30% from the company’s previous close.

A number of other research analysts have also commented on the stock. Peel Hunt lowered shares of Ibstock to a “hold” rating and set a GBX 285 ($3.86) price target on the stock. in a research note on Thursday. Deutsche Bank reiterated a “buy” rating and issued a GBX 292 ($3.96) price target on shares of Ibstock in a research note on Monday, January 8th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of GBX 279.67 ($3.79).

Ibstock (IBST) traded up GBX 3 ($0.04) during trading on Friday, hitting GBX 260.20 ($3.53). 1,434,742 shares of the stock traded hands, compared to its average volume of 703,706. The firm has a market cap of $1,060.00 and a price-to-earnings ratio of 1,182.73. Ibstock has a one year low of GBX 175.10 ($2.37) and a one year high of GBX 273.40 ($3.71).

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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.

Analyst Recommendations for Ibstock (LON:IBST)

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