Ibstock plc (IBST) Stock Rating Reaffirmed by Beaufort Securities
Ibstock plc (LON:IBST)‘s stock had its “buy” rating reaffirmed by Beaufort Securities in a research note issued to investors on Friday.
Several other analysts also recently commented on the company. Berenberg Bank initiated coverage on Ibstock plc in a research note on Friday, May 12th. They set a “buy” rating and a GBX 310 ($4.04) price objective for the company. Barclays PLC reaffirmed an “overweight” rating and set a GBX 245 ($3.19) price objective on shares of Ibstock plc in a research note on Thursday, April 27th. BNP Paribas reaffirmed an “outperform” rating and set a GBX 265 ($3.45) price objective on shares of Ibstock plc in a research note on Thursday, May 18th. Deutsche Bank AG reaffirmed a “buy” rating and set a GBX 299 ($3.89) price objective on shares of Ibstock plc in a research note on Friday, July 7th. Finally, Jefferies Group LLC upped their price objective on Ibstock plc from GBX 240 ($3.13) to GBX 290 ($3.78) and gave the company a “buy” rating in a research note on Monday, June 26th. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of GBX 264.89 ($3.45).
Shares of Ibstock plc (IBST) opened at 230.00 on Friday. The company’s 50-day moving average price is GBX 247.71 and its 200 day moving average price is GBX 225.17. Ibstock plc has a 12-month low of GBX 156.64 and a 12-month high of GBX 261.00. The firm’s market capitalization is GBX 934.53 million.
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In other Ibstock plc news, insider Jonathan C. Nicholls bought 10,000 shares of the business’s stock in a transaction dated Tuesday, May 30th. The stock was acquired at an average cost of GBX 241 ($3.14) per share, with a total value of £24,100 ($31,384.29).
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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