Deutsche Bank Aktiengesellschaft Lowers Ibstock (LON:IBST) Price Target to GBX 110

Ibstock (LON:IBST) had its target price reduced by research analysts at Deutsche Bank Aktiengesellschaft from GBX 144 to GBX 110 in a research report issued on Tuesday, Marketbeat.com reports. The firm currently has a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft’s price objective points to a potential upside of 4.17% from the stock’s previous close.

A number of other research analysts have also commented on the company. Berenberg Bank decreased their price objective on Ibstock from GBX 150 to GBX 135 and set a “hold” rating on the stock in a research report on Wednesday, January 21st. Jefferies Financial Group dropped their target price on Ibstock from GBX 165 to GBX 145 and set a “buy” rating for the company in a research report on Monday, February 9th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 140.

Ibstock Stock Up 4.3%

Ibstock stock opened at GBX 105.60 on Tuesday. The company has a current ratio of 1.33, a quick ratio of 1.19 and a debt-to-equity ratio of 44.59. The company has a market capitalization of £416.81 million, a P/E ratio of 35.20, a P/E/G ratio of 0.47 and a beta of 0.74. Ibstock has a 1-year low of GBX 97 and a 1-year high of GBX 200.50. The firm’s fifty day simple moving average is GBX 123.48 and its 200-day simple moving average is GBX 130.57.

Ibstock (LON:IBST) last announced its earnings results on Thursday, March 5th. The company reported GBX 5.70 earnings per share for the quarter. Ibstock had a net margin of 0.83% and a return on equity of 0.79%. Sell-side analysts forecast that Ibstock will post 11.0089552 earnings per share for the current fiscal year.

Insider Transactions at Ibstock

In other Ibstock news, insider Joe Hudson sold 64,484 shares of Ibstock stock in a transaction on Monday, March 23rd. The shares were sold at an average price of GBX 103, for a total transaction of £66,418.52. Insiders own 2.26% of the company’s stock.

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.