Ibstock’s (IBST) “Hold” Rating Reaffirmed at Berenberg Bank

Ibstock (LON:IBST)‘s stock had its “hold” rating reiterated by analysts at Berenberg Bank in a note issued to investors on Monday, MarketBeat.com reports. They presently have a GBX 200 ($2.68) target price on the stock. Berenberg Bank’s price target points to a potential upside of 27.39% from the stock’s current price.

Separately, Deutsche Bank Aktiengesellschaft raised their target price on shares of Ibstock from GBX 225 ($3.02) to GBX 240 ($3.22) and gave the company a “buy” rating in a report on Thursday, February 20th.

Ibstock Stock Performance

IBST opened at GBX 157 ($2.11) on Monday. Ibstock has a 1-year low of GBX 150.09 ($2.01) and a 1-year high of GBX 212 ($2.85). The stock has a market cap of £618.60 million, a P/E ratio of 85.00, a P/E/G ratio of 0.47 and a beta of 1.34. The stock’s 50 day simple moving average is GBX 182.10 and its 200 day simple moving average is GBX 174.96. The company has a debt-to-equity ratio of 46.91, a current ratio of 1.37 and a quick ratio of 1.19.

Insider Buying and Selling at Ibstock

In other Ibstock news, insider Joe Hudson sold 139,886 shares of the company’s stock in a transaction dated Wednesday, April 30th. The shares were sold at an average price of GBX 176 ($2.36), for a total value of £246,199.36 ($330,513.30). 0.35% of the stock is owned by company insiders.

Ibstock Company Profile

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.