Ibstock (LON:IBST – Get Free Report) had its target price decreased by research analysts at Jefferies Financial Group from GBX 115 to GBX 90 in a research note issued on Monday,London Stock Exchange reports. The brokerage currently has a “hold” rating on the stock. Jefferies Financial Group’s price objective would indicate a potential downside of 2.49% from the company’s previous close.
A number of other brokerages have also recently weighed in on IBST. Peel Hunt restated a “buy” rating and issued a GBX 125 price objective on shares of Ibstock in a report on Wednesday, August 5th. Royal Bank Of Canada reduced their target price on shares of Ibstock from GBX 160 to GBX 130 and set an “outperform” rating on the stock in a report on Thursday, July 30th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a GBX 100 price target on shares of Ibstock in a research report on Thursday. Finally, Berenberg Bank dropped their price target on shares of Ibstock from GBX 135 to GBX 120 and set a “hold” rating for the company in a research note on Friday, May 22nd. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of GBX 113.
View Our Latest Analysis on Ibstock
Ibstock Trading Down 0.8%
Ibstock (LON:IBST – Get Free Report) last released its earnings results on Wednesday, August 5th. The company reported GBX 0.70 earnings per share for the quarter. Ibstock had a return on equity of 0.79% and a net margin of 0.83%. On average, equities analysts forecast that Ibstock will post 11.0089552 earnings per share for the current year.
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.
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