Ibstock plc (IBST) Rating Reiterated by JPMorgan Chase & Co.
JPMorgan Chase & Co. restated their overweight rating on shares of Ibstock plc (LON:IBST) in a research note released on Friday morning. JPMorgan Chase & Co. currently has a GBX 170 ($2.22) price target on the stock.
A number of other analysts have also recently issued reports on IBST. Deutsche Bank AG initiated coverage on shares of Ibstock plc in a research note on Wednesday, June 1st. They issued a buy rating and a GBX 222 ($2.90) target price for the company. Jefferies Group initiated coverage on shares of Ibstock plc in a research note on Thursday, June 2nd. They issued a buy rating and a GBX 260 ($3.39) target price for the company. Barclays PLC reiterated an overweight rating and issued a GBX 245 ($3.20) target price on shares of Ibstock plc in a research note on Wednesday, June 15th. Finally, Beaufort Securities reiterated a buy rating on shares of Ibstock plc in a research note on Monday, August 8th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus target price of GBX 184.20 ($2.40).
Ibstock plc (LON:IBST) opened at 165.10 on Friday. The company’s market capitalization is GBX 670.15 million. Ibstock plc has a 52-week low of GBX 113.20 and a 52-week high of GBX 227.20. The stock has a 50 day moving average of GBX 166.39 and a 200-day moving average of GBX 179.06.
The company also recently declared a dividend, which will be paid on Friday, September 23rd. Stockholders of record on Thursday, August 18th will be given a GBX 2.40 ($0.03) dividend. This represents a dividend yield of 1.57%. The ex-dividend date is Thursday, August 18th.
About Ibstock plc
Ibstock plc (Ibstock) is a United Kingdom-based brick manufacturer. The Company manufactures clay bricks and concrete products with operations in the United Kingdom and the United States. The Company operates through four businesses: the United Kingdom business consisting of Ibstock Brick, Supreme and Forticrete, and the United States business consisting of Glen-Gery.
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