Jefferies Financial Group Lowers Ibstock (LON:IBST) Price Target to GBX 127

Ibstock (LON:IBST) had its price target decreased by equities researchers at Jefferies Financial Group from GBX 133 to GBX 127 in a report released on Monday,London Stock Exchange reports. The brokerage presently has a “buy” rating on the stock. Jefferies Financial Group’s price target suggests a potential upside of 18.36% from the company’s previous close.

IBST has been the topic of several other reports. Deutsche Bank Aktiengesellschaft dropped their target price on Ibstock from GBX 144 to GBX 110 and set a “hold” rating on the stock in a research note on Tuesday, March 24th. Berenberg Bank dropped their price target on Ibstock from GBX 150 to GBX 135 and set a “hold” rating on the stock in a research note on Wednesday, January 21st. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of GBX 135.50.

Ibstock Stock Down 5.5%

Shares of IBST stock opened at GBX 107.30 on Monday. Ibstock has a 1-year low of GBX 97 and a 1-year high of GBX 200.50. The stock’s fifty day moving average price is GBX 114.83 and its 200 day moving average price is GBX 126.88. The company has a debt-to-equity ratio of 44.59, a current ratio of 1.33 and a quick ratio of 1.19. The company has a market cap of £423.72 million, a price-to-earnings ratio of 134.13, a price-to-earnings-growth ratio of 0.47 and a beta of 0.88.

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 return on equity of 0.79% and a net margin of 0.83%. On average, research analysts expect that Ibstock will post 11.0089552 earnings per share for the current fiscal year.

Insider Activity at Ibstock

In related news, insider Martin Payne purchased 20,000 shares of the business’s stock in a transaction that occurred on Friday, April 17th. The stock was purchased at an average price of GBX 108 per share, with a total value of £21,600. Also, insider Joe Hudson sold 64,484 shares of the stock in a transaction that occurred on Monday, March 23rd. The shares were sold at an average price of GBX 103, for a total value of £66,418.52. 2.26% of the stock is currently owned by 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.