Shares of Ibstock plc (LON:IBST – Get Free Report) reached a new 52-week low on Monday . The stock traded as low as GBX 86.70 and last traded at GBX 86.70, with a volume of 10677503 shares trading hands. The stock had previously closed at GBX 89.78.
Analyst Upgrades and Downgrades
A number of research analysts have recently issued reports on IBST shares. Jefferies Financial Group reduced their price target on shares of Ibstock from GBX 115 to GBX 90 and set a “hold” rating on the stock in a research report on Monday, August 10th. Royal Bank Of Canada dropped their price objective on shares of Ibstock from GBX 160 to GBX 130 and set an “outperform” rating on the stock in a research note on Thursday, July 30th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a GBX 100 target price on shares of Ibstock in a report on Thursday, August 6th. Berenberg Bank decreased their target price on Ibstock from GBX 135 to GBX 120 and set a “hold” rating for the company in a research note on Friday, May 22nd. Finally, Peel Hunt reaffirmed a “buy” rating and set a GBX 125 target price on shares of Ibstock in a report on Wednesday, August 5th. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of GBX 113.
View Our Latest Analysis on Ibstock
Ibstock Price Performance
Ibstock (LON:IBST – Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The company reported GBX 0.70 earnings per share (EPS) for the quarter. Ibstock had a negative net margin of 6.67% and a negative return on equity of 6.19%. On average, equities research analysts predict that Ibstock plc will post 11.0089552 earnings per share 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.
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