Ibstock (IBST) Price Target Raised to GBX 310 at Berenberg Bank
Other research analysts have also recently issued reports about the company. Peel Hunt upped their price objective on Ibstock from GBX 255 ($3.33) to GBX 280 ($3.66) and gave the company an add rating in a report on Tuesday, March 5th. Numis Securities reiterated an add rating and issued a GBX 270 ($3.53) price objective on shares of Ibstock in a report on Monday, November 26th. UBS Group decreased their price objective on Ibstock from GBX 290 ($3.79) to GBX 270 ($3.53) and set a buy rating on the stock in a report on Wednesday, January 9th. Finally, JPMorgan Chase & Co. upped their price objective on Ibstock from GBX 295 ($3.85) to GBX 300 ($3.92) and gave the company an overweight rating in a report on Wednesday, March 6th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of Buy and an average target price of GBX 292.71 ($3.82).
IBST opened at GBX 258.20 ($3.37) on Wednesday. Ibstock has a one year low of GBX 190.70 ($2.49) and a one year high of GBX 305.80 ($4.00). The company has a market capitalization of $1.06 billion and a P/E ratio of 13.73. The company has a debt-to-equity ratio of 18.85, a quick ratio of 0.92 and a current ratio of 1.60.
The company also recently declared a dividend, which will be paid on Friday, June 7th. Shareholders of record on Thursday, May 9th will be paid a dividend of GBX 6.50 ($0.08) per share. This represents a yield of 2.53%. The ex-dividend date of this dividend is Thursday, May 9th. Ibstock’s dividend payout ratio (DPR) is 0.53%.
Ibstock Company Profile
Ibstock plc manufactures and sells 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. The company also provides concrete lintels; precast and pre-stressed concrete products; and architectural masonry, landmark stone and walling stones.
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