Ibstock plc (IBST) Given New GBX 215 Price Target at Barclays PLC

Ibstock plc (LON:IBST) had its target price lifted by Barclays PLC from GBX 200 ($2.50) to GBX 215 ($2.69) in a research report issued on Wednesday. The brokerage presently has an “overweight” rating on the stock. Barclays PLC’s price target suggests a potential upside of 12.57% from the company’s previous close.

Several other equities analysts also recently issued reports on IBST. Beaufort Securities reiterated a “buy” rating on shares of Ibstock plc in a research report on Tuesday, January 17th. Peel Hunt reiterated a “hold” rating and issued a GBX 190 ($2.37) price objective on shares of Ibstock plc in a research report on Thursday, February 9th. Deutsche Bank AG reiterated a “buy” rating on shares of Ibstock plc in a research report on Thursday, November 3rd. J P Morgan Chase & Co reiterated an “overweight” rating and issued a GBX 210 ($2.62) price objective on shares of Ibstock plc in a research report on Wednesday, December 7th. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a GBX 190 ($2.37) price objective on shares of Ibstock plc in a research report on Tuesday, November 1st. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of GBX 213.33 ($2.67).

Analyst Recommendations for Ibstock plc (LON:IBST)

Ibstock plc (LON:IBST) opened at 197.10 on Wednesday. Ibstock plc has a 52-week low of GBX 113.20 and a 52-week high of GBX 227.10. The firm’s market cap is GBX 800.04 million. The company has a 50 day moving average price of GBX 185.17 and a 200-day moving average price of GBX 173.71.

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About Ibstock plc

Ibstock plc is a United Kingdom-based company, which is engaged in manufacturing of clay bricks and concrete products. The Company’s segments are the UK and the US. The Company’s principal products include clay bricks, brick components, concrete stone masonry substitutes, concrete fencing, pre-stressed concrete products and concrete rail products.

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