Ibstock plc (LON:IBST) had its price objective increased by Jefferies Group LLC from GBX 240 ($3.06) to GBX 290 ($3.69) in a research report issued to clients and investors on Monday. The brokerage currently has a “buy” rating on the stock. Jefferies Group LLC’s target price points to a potential upside of 15.08% from the company’s current price.
A number of other brokerages have also recently weighed in on IBST. Berenberg Bank initiated coverage on Ibstock plc in a research report on Friday, May 12th. They set a “buy” rating and a GBX 310 ($3.95) price target on the stock. Peel Hunt reiterated a “hold” rating and set a GBX 190 ($2.42) price target on shares of Ibstock plc in a research report on Tuesday, March 7th. BNP Paribas reiterated an “outperform” rating and set a GBX 265 ($3.38) price target on shares of Ibstock plc in a research report on Thursday, May 18th. Barclays PLC reissued an “overweight” rating and issued a GBX 285 ($3.63) price objective on shares of Ibstock plc in a report on Monday, May 15th. Finally, Numis Securities Ltd increased their price objective on Ibstock plc from GBX 195 ($2.48) to GBX 240 ($3.06) and gave the stock an “add” rating in a report on Wednesday, March 8th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of GBX 270.50 ($3.45).
Shares of Ibstock plc (IBST) opened at 252.20 on Monday. The stock’s market capitalization is GBX 1.02 billion. Ibstock plc has a 1-year low of GBX 113.20 and a 1-year high of GBX 261.00. The company has a 50 day moving average price of GBX 242.27 and a 200-day moving average price of GBX 208.93.
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In other Ibstock plc news, insider Jonathan C. Nicholls acquired 10,000 shares of the firm’s stock in a transaction that occurred on 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).
Ibstock plc Company Profile
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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