Berenberg Bank reissued their buy rating on shares of Ibstock plc (LON:IBST) in a report published on Friday. They currently have a GBX 310 ($4.02) price objective on the stock.
Several other brokerages have also weighed in on IBST. Peel Hunt increased their price objective on Ibstock plc from GBX 215 ($2.79) to GBX 265 ($3.44) and gave the company a hold rating in a report on Monday, June 19th. Jefferies Group LLC increased their price objective on Ibstock plc from GBX 240 ($3.12) to GBX 290 ($3.76) and gave the company a buy rating in a report on Monday, June 26th. Deutsche Bank AG increased their price objective on Ibstock plc from GBX 235 ($3.05) to GBX 299 ($3.88) and gave the company a buy rating in a report on Monday, June 26th. Barclays PLC reissued an overweight rating on shares of Ibstock plc in a report on Friday, July 7th. Finally, BNP Paribas reissued an outperform rating and set a GBX 280 ($3.63) price objective on shares of Ibstock plc in a report on Thursday, July 20th. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company currently has an average rating of Buy and a consensus target price of GBX 269.33 ($3.50).
Ibstock plc (LON IBST) traded up 0.56% during mid-day trading on Friday, reaching GBX 235.10. The company had a trading volume of 1,582,330 shares. The company’s market capitalization is GBX 955.26 million. The stock has a 50-day moving average of GBX 244.29 and a 200 day moving average of GBX 226.79. Ibstock plc has a 12-month low of GBX 156.64 and a 12-month high of GBX 261.00.
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The business also recently declared a dividend, which will be paid on Friday, September 22nd. Stockholders of record on Thursday, August 17th will be issued a GBX 2.60 ($0.03) dividend. This represents a dividend yield of 1.11%. The ex-dividend date is Thursday, August 17th.
In related news, insider Justin Read purchased 7,500 shares of the business’s stock in a transaction dated Friday, August 11th. The stock was purchased at an average cost of GBX 227 ($2.95) per share, with a total value of £17,025 ($22,101.78). Also, insider Kevin Sims sold 2,000,000 shares of the firm’s stock in a transaction on Thursday, August 10th. The stock was sold at an average price of GBX 241 ($3.13), for a total value of £4,820,000 ($6,257,302.35).
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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