Ibstock (LON:IBST) Price Target Raised to GBX 150 at Jefferies Financial Group

Ibstock (LON:IBST) had its target price raised by stock analysts at Jefferies Financial Group from GBX 143 ($1.81) to GBX 150 ($1.90) in a research note issued to investors on Thursday, Digital Look reports. The brokerage presently has a “hold” rating on the stock. Jefferies Financial Group’s price objective would suggest a potential downside of 2.22% from the company’s previous close.

Separately, Berenberg Bank reaffirmed a “hold” rating and set a GBX 150 ($1.90) price objective on shares of Ibstock in a research report on Thursday, April 25th.

Ibstock Trading Down 0.8 %

LON IBST opened at GBX 153.40 ($1.95) on Thursday. The stock has a market capitalization of £601.85 million, a P/E ratio of 3,079.60, a P/E/G ratio of 0.66 and a beta of 1.32. The business has a 50 day simple moving average of GBX 156.17 and a 200 day simple moving average of GBX 152.85. The company has a debt-to-equity ratio of 42.09, a current ratio of 1.50 and a quick ratio of 1.19. Ibstock has a one year low of GBX 118 ($1.50) and a one year high of GBX 174.40 ($2.21).

Insider Transactions at Ibstock

In related news, insider Chris McLeish sold 29,893 shares of the business’s stock in a transaction dated Monday, June 10th. The stock was sold at an average price of GBX 156 ($1.98), for a total value of £46,633.08 ($59,156.51). Insiders own 0.31% of the company’s stock.

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.