Ibstock (LON:IBST) Trading 8% Higher – What’s Next?

Ibstock plc (LON:IBST) traded up 8% on Thursday . The company traded as high as GBX 137.80 ($1.84) and last traded at GBX 137.80 ($1.84). 3,137,652 shares changed hands during mid-day trading, an increase of 50% from the average session volume of 2,096,802 shares. The stock had previously closed at GBX 127.60 ($1.70).

Wall Street Analyst Weigh In

IBST has been the subject of several research analyst reports. Berenberg Bank reduced their target price on Ibstock from GBX 170 to GBX 150 and set a “hold” rating for the company in a research note on Wednesday, October 15th. Deutsche Bank Aktiengesellschaft reduced their target price on Ibstock from GBX 210 to GBX 190 and set a “buy” rating for the company in a research note on Friday, October 10th. Royal Bank Of Canada reduced their target price on Ibstock from GBX 210 to GBX 170 and set an “outperform” rating for the company in a research note on Wednesday, October 15th. Finally, Jefferies Financial Group reduced their target price on Ibstock from GBX 188 to GBX 143 and set a “buy” rating for the company in a research note on Monday. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of GBX 163.25.

Ibstock Price Performance

The company has a 50 day moving average of GBX 135.71 and a 200-day moving average of GBX 156.30. The stock has a market capitalization of £536.76 million, a P/E ratio of 45.33, a PEG ratio of 0.47 and a beta of 1.34. The company has a quick ratio of 1.19, a current ratio of 1.37 and a debt-to-equity ratio of 46.91.

Ibstock (LON:IBST) last announced its quarterly earnings data on Wednesday, August 6th. The company reported GBX 3 earnings per share (EPS) for the quarter. Ibstock had a return on equity of 1.83% and a net margin of 2.01%. Sell-side analysts predict that Ibstock plc will post 11.0089552 EPS for the current year.

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.