Royal Bank Of Canada Cuts Ibstock (LON:IBST) Price Target to GBX 130

Ibstock (LON:IBST – Free Report) had its price objective reduced by Royal Bank Of Canada from GBX 160 to GBX 130 in a research report sent to investors on Thursday,Digital Look reports. They currently have an outperform rating on the stock.

IBST has been the topic of several other research reports. Jefferies Financial Group dropped their target price on Ibstock from GBX 133 to GBX 127 and set a “buy” rating on the stock in a report on Monday, April 20th. Berenberg Bank decreased their price target on Ibstock from GBX 135 to GBX 120 and set a “hold” rating for the company in a research note on Friday, May 22nd. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of GBX 121.75.

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Ibstock Stock Performance

LON IBST opened at GBX 93.15 on Thursday. The stock has a market cap of £367.96 million, a P/E ratio of 116.44, a PEG ratio of 0.47 and a beta of 0.86. The company’s 50-day simple moving average is GBX 94.73 and its 200 day simple moving average is GBX 108.02. The company has a quick ratio of 1.19, a current ratio of 1.33 and a debt-to-equity ratio of 44.59. Ibstock has a twelve month low of GBX 87.65 and a twelve month high of GBX 159.80.

Ibstock Company Profile

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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.

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