Ibstock (LON:IBST) Stock Price Up 1.3% – Time to Buy?

Ibstock plc (LON:IBST) shares traded up 1.3% on Friday . The company traded as high as GBX 137.60 and last traded at GBX 137.20. 745,310 shares were traded during mid-day trading, a decline of 66% from the average session volume of 2,201,810 shares. The stock had previously closed at GBX 135.40.

Wall Street Analyst Weigh In

IBST has been the topic of a number of analyst reports. Jefferies Financial Group cut their price target on Ibstock from GBX 188 to GBX 143 and set a “buy” rating on the stock in a research note on Monday, October 20th. Deutsche Bank Aktiengesellschaft cut their target price on Ibstock from GBX 210 to GBX 190 and set a “buy” rating on the stock in a research report on Friday, October 10th. Berenberg Bank lowered their price target on Ibstock from GBX 170 to GBX 150 and set a “hold” rating for the company in a report on Wednesday, October 15th. Finally, Royal Bank Of Canada cut their price objective on shares of Ibstock from GBX 210 to GBX 170 and set an “outperform” rating on the stock in a report on Wednesday, October 15th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of GBX 163.25.

Ibstock Stock Up 1.3%

The business’s fifty day moving average price is GBX 134.26 and its 200 day moving average price is GBX 138.69. The company has a quick ratio of 1.19, a current ratio of 1.37 and a debt-to-equity ratio of 46.91. The firm has a market capitalization of £541.50 million, a PE ratio of 45.73, a PEG ratio of 0.47 and a beta of 1.34.

Ibstock Company Profile

Ibstock plc manufactures and sells clay and concrete building products and solutions to customers in the residential construction sector in the United Kingdom. The company offers bricks and masonry, which includes facing and engineering bricks, brick slips, special shaped bricks, walling stone, architectural masonry, prefabricated components, eco-habitats, and padstones and lintels, as well as façade systems; roofing products comprising roof tiles and accessories, and chimneys; and flooring and lintels, such as beam and block flooring, insulated flooring, hollowcore, and screed rails.