Jefferies Financial Group Issues Pessimistic Forecast for Ibstock (LON:IBST) Stock Price

Ibstock (LON:IBST) had its price target dropped by research analysts at Jefferies Financial Group from GBX 165 to GBX 145 in a research report issued on Monday, MarketBeat.com reports. The firm presently has a “buy” rating on the stock. Jefferies Financial Group’s price objective suggests a potential upside of 11.37% from the company’s previous close.

Several other brokerages also recently commented on IBST. Royal Bank Of Canada lowered their price objective on shares of Ibstock from GBX 210 to GBX 170 and set an “outperform” rating for the company in a research note on Wednesday, October 15th. Berenberg Bank lowered their price target on Ibstock from GBX 150 to GBX 135 and set a “hold” rating for the company in a research report on Wednesday, January 21st. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of GBX 160.

Ibstock Stock Up 0.8%

Shares of LON IBST opened at GBX 130.20 on Monday. The firm’s fifty day moving average is GBX 134.52 and its 200 day moving average is GBX 135.85. Ibstock has a 52 week low of GBX 113.78 and a 52 week high of GBX 200.50. The company has a quick ratio of 1.19, a current ratio of 1.37 and a debt-to-equity ratio of 46.91. The company has a market cap of £513.90 million, a price-to-earnings ratio of 43.40, a PEG ratio of 0.47 and a beta of 1.34.

About Ibstock

Ibstock plc manufactures and sells clay and concrete building products and solutions to customers in the residential construction sector in the United Kingdom. The company offers bricks and masonry, which includes facing and engineering bricks, brick slips, special shaped bricks, walling stone, architectural masonry, prefabricated components, eco-habitats, and padstones and lintels, as well as façade systems; roofing products comprising roof tiles and accessories, and chimneys; and flooring and lintels, such as beam and block flooring, insulated flooring, hollowcore, and screed rails.