Ibstock (LON:IBST)‘s stock had its “add” rating reiterated by analysts at Peel Hunt in a research note issued to investors on Tuesday, ThisIsMoney.Co.Uk reports.
Other equities research analysts also recently issued research reports about the stock. Numis Securities restated a “buy” rating on shares of 3i Group in a research note on Thursday, May 16th. Berenberg Bank restated a “buy” rating and issued a GBX 310 ($4.05) price objective on shares of Ibstock in a research note on Thursday, May 23rd. Finally, Jefferies Financial Group upgraded shares of SALVATORE FERRA/ADR from an “underperform” rating to a “hold” rating in a research note on Tuesday, June 25th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of GBX 290.29 ($3.79).
IBST stock traded down GBX 1.20 ($0.02) during midday trading on Tuesday, hitting GBX 236.80 ($3.09). 976,531 shares of the company traded hands, compared to its average volume of 1,100,000. Ibstock has a twelve month low of GBX 190.70 ($2.49) and a twelve month high of GBX 286.80 ($3.75). The company has a quick ratio of 0.87, a current ratio of 1.60 and a debt-to-equity ratio of 18.85. The firm’s 50 day simple moving average is GBX 241.90. The company has a market cap of $968.76 million and a PE ratio of 12.60.
Ibstock plc manufactures and sells a range of clay and concrete products in the United Kingdom and the United States. Its principal products include clay bricks, brick components, concrete roof tiles, concrete stone masonry substitutes, concrete fencing, pre-stressed concrete, and concrete rail products.
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