Ibstock (OTCMKTS:IBJHF) Stock Price Up 21% – Here’s What Happened

Ibstock plc (OTCMKTS:IBJHF)’s share price shot up 21% on Monday . The company traded as high as $2.06 and last traded at $2.06. 10,000 shares traded hands during trading, a decline of 50% from the average session volume of 19,900 shares. The stock had previously closed at $1.70.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. UBS Group reiterated a “buy” rating on shares of Ibstock in a report on Thursday. Royal Bank of Canada reaffirmed an “outperform” rating on shares of Ibstock in a research report on Friday. Finally, Investec upgraded shares of Ibstock to a “buy” rating in a report on Wednesday, March 5th.

Ibstock Stock Up 21.0 %

The company’s 50 day simple moving average is $1.71 and its two-hundred day simple moving average is $1.70.

About Ibstock

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.