Ibstock (LON:IBST) Price Target Cut to GBX 130 by Analysts at Royal Bank Of Canada

Ibstock (LON:IBST) had its price target lowered by equities researchers at Royal Bank Of Canada from GBX 160 to GBX 130 in a report released on Thursday,Digital Look reports. The firm currently has an “outperform” rating on the stock. Royal Bank Of Canada’s target price would suggest a potential upside of 36.11% from the stock’s previous close.

Other research analysts also recently issued research reports about the company. Berenberg Bank dropped their price target on Ibstock from GBX 135 to GBX 120 and set a “hold” rating on the stock in a research note on Friday, May 22nd. Jefferies Financial Group decreased their price objective on Ibstock from GBX 133 to GBX 127 and set a “buy” rating for the company in a report on Monday, April 20th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 121.75.

Ibstock Price Performance

Shares of IBST opened at GBX 95.51 on Thursday. The firm has a fifty day moving average price of GBX 94.94 and a 200 day moving average price of GBX 108.43. The company has a debt-to-equity ratio of 44.59, a current ratio of 1.33 and a quick ratio of 1.19. Ibstock has a 1-year low of GBX 87.65 and a 1-year high of GBX 159.80. The stock has a market cap of £377.28 million, a PE ratio of 119.39, a price-to-earnings-growth ratio of 0.47 and a beta of 0.86.

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.