Ibstock plc (LON:IBST) Rating Reiterated by Numis Securities Ltd
Ibstock plc (LON:IBST)‘s stock had its “add” rating reissued by equities researchers at Numis Securities Ltd in a research report issued on Friday. They presently have a GBX 270 ($3.52) price objective on the stock. Numis Securities Ltd’s price target suggests a potential upside of 16.13% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Barclays PLC reissued an “overweight” rating and issued a GBX 285 ($3.71) price objective on shares of Ibstock plc in a research note on Monday, May 15th. Peel Hunt reissued a “hold” rating and issued a GBX 265 ($3.45) price objective on shares of Ibstock plc in a research note on Thursday. Beaufort Securities reissued a “buy” rating on shares of Ibstock plc in a research note on Friday. BNP Paribas reissued an “outperform” rating and issued a GBX 280 ($3.65) price objective on shares of Ibstock plc in a research note on Thursday, July 20th. Finally, Deutsche Bank AG increased their price objective on shares of Ibstock plc from GBX 235 ($3.06) to GBX 299 ($3.89) 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 company. The stock currently has an average rating of “Buy” and a consensus price target of GBX 268.22 ($3.49).
Ibstock plc (LON IBST) opened at 224.10 on Friday. Ibstock plc has a 52-week low of GBX 156.64 and a 52-week high of GBX 261.00. The firm’s market capitalization is GBX 910.56 million. The company’s 50-day moving average is GBX 247.71 and its 200-day moving average is GBX 225.17.
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In other news, insider Jonathan C. Nicholls purchased 10,000 shares of the firm’s stock in a transaction on Tuesday, May 30th. The shares were bought at an average cost of GBX 241 ($3.14) per share, with a total value of £24,100 ($31,384.29). Also, insider Kevin Sims sold 2,000,000 shares of the firm’s stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of GBX 241 ($3.14), for a total transaction of £4,820,000 ($6,276,858.97).
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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