Ibstock’s (IBST) Hold Rating Reiterated at Jefferies Financial Group

Jefferies Financial Group reaffirmed their hold rating on shares of Ibstock (LON:IBST) in a research note issued to investors on Tuesday,Digital Look reports. They currently have a GBX 90 price objective on the stock.

Several other equities research analysts have also issued reports on IBST. Royal Bank Of Canada reduced their target price on shares of Ibstock from GBX 160 to GBX 130 and set an “outperform” rating for the company in a report on Thursday, July 30th. Peel Hunt reiterated a “buy” rating and issued a GBX 125 target price on shares of Ibstock in a research report on Wednesday, August 5th. Berenberg Bank lowered their price objective on shares of Ibstock from GBX 90 to GBX 75 and set a “hold” rating for the company in a research report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a GBX 100 price objective on shares of Ibstock in a research note on Thursday, August 6th. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of GBX 104.

Ibstock Price Performance

LON IBST opened at GBX 77.65 on Tuesday. Ibstock has a 1-year low of GBX 68.80 and a 1-year high of GBX 143.80. The business’s fifty day moving average price is GBX 80.02 and its 200-day moving average price is GBX 98.58. The company has a debt-to-equity ratio of 54.38, a current ratio of 1.28 and a quick ratio of 1.19. The stock has a market capitalization of £306.73 million, a price-to-earnings ratio of -13.62, a PEG ratio of 0.47 and a beta of 0.84.

Ibstock (LON:IBST) last announced its earnings results on Wednesday, August 5th. The company reported GBX 0.70 earnings per share (EPS) for the quarter. Ibstock had a negative return on equity of 6.19% and a negative net margin of 6.67%. On average, equities analysts predict that Ibstock will post 11.01 earnings per share for the current year.

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.