Ibstock plc (IBST) Price Target Raised to GBX 265

Ibstock plc (LON:IBST) had its price target boosted by Peel Hunt from GBX 215 ($2.74) to GBX 265 ($3.38) in a research report report published on Monday. They currently have a hold rating on the stock.

Other equities analysts have also issued reports about the company. Numis Securities Ltd increased their price target on Ibstock plc from GBX 195 ($2.48) to GBX 240 ($3.06) and gave the company an add rating in a research note on Wednesday, March 8th. Jefferies Group LLC increased their price target on Ibstock plc from GBX 230 ($2.93) to GBX 240 ($3.06) and gave the company a buy rating in a research note on Tuesday, March 14th. Berenberg Bank started coverage on Ibstock plc in a research note on Friday, May 12th. They set a buy rating and a GBX 310 ($3.95) price target for the company. BNP Paribas reaffirmed an outperform rating and set a GBX 265 ($3.38) price target on shares of Ibstock plc in a research note on Thursday, May 18th. Finally, Barclays PLC reaffirmed an overweight rating and set a GBX 285 ($3.63) price target on shares of Ibstock plc in a research note on Monday, May 15th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Ibstock plc presently has an average rating of Buy and an average price target of GBX 256.88 ($3.27).

Shares of Ibstock plc (LON:IBST) opened at 250.80 on Monday. The stock’s market capitalization is GBX 1.02 billion. Ibstock plc has a 52-week low of GBX 113.20 and a 52-week high of GBX 261.00. The firm’s 50-day moving average price is GBX 242.27 and its 200-day moving average price is GBX 208.93.

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In related news, insider Jonathan C. Nicholls acquired 10,000 shares of Ibstock plc stock in a transaction dated Tuesday, May 30th. The stock was acquired at an average cost of GBX 241 ($3.07) per share, with a total value of £24,100 ($30,704.55).

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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