Ibstock plc (IBST) Given Outperform Rating at BNP Paribas

BNP Paribas reissued their outperform rating on shares of Ibstock plc (LON:IBST) in a research report released on Thursday morning. BNP Paribas currently has a GBX 265 ($3.42) price target on the stock.

IBST has been the topic of a number of other research reports. Peel Hunt reaffirmed a hold rating and set a GBX 190 ($2.45) target price on shares of Ibstock plc in a research report on Thursday, February 9th. Barclays PLC reaffirmed an overweight rating and set a GBX 200 ($2.58) target price on shares of Ibstock plc in a research report on Tuesday, February 7th. Numis Securities Ltd boosted their target price on shares of Ibstock plc from GBX 195 ($2.52) to GBX 240 ($3.10) and gave the stock an add rating in a research report on Wednesday, March 8th. Jefferies Group LLC boosted their target price on shares of Ibstock plc from GBX 230 ($2.97) to GBX 240 ($3.10) and gave the stock a buy rating in a research report on Tuesday, March 14th. Finally, Berenberg Bank initiated coverage on shares of Ibstock plc in a research report on Friday, May 12th. They set a buy rating and a GBX 310 ($4.00) target price on the stock. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus target price of GBX 247.50 ($3.19).

Analyst Recommendations for Ibstock plc (LON:IBST)

Ibstock plc (LON:IBST) traded down 0.46% during trading on Thursday, hitting GBX 238.90. 904,723 shares of the stock traded hands. The stock’s market cap is GBX 970.69 million. Ibstock plc has a 52 week low of GBX 113.20 and a 52 week high of GBX 242.80. The firm’s 50-day moving average is GBX 222.50 and its 200 day moving average is GBX 197.36.

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The firm also recently declared a dividend, which will be paid on Friday, June 9th. Shareholders of record on Thursday, May 11th will be paid a dividend of GBX 5.30 ($0.07) per share. The ex-dividend date is Thursday, May 11th. This represents a yield of 2.52%. This is an increase from Ibstock plc’s previous dividend of $2.40.

In other Ibstock plc news, insider Justin Read purchased 10,000 shares of the firm’s stock in a transaction on Wednesday, March 29th. The shares were purchased at an average price of GBX 210 ($2.71) per share, for a total transaction of £21,000 ($27,107.27).

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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