Deutsche Bank Reiterates Buy Rating for Ibstock (LON:IBST)

Deutsche Bank reaffirmed their buy rating on shares of Ibstock (LON:IBST) in a research report released on Tuesday, January 30th. Deutsche Bank currently has a GBX 292 ($4.03) target price on the stock.

IBST has been the subject of several other research reports. JPMorgan Chase & Co. reaffirmed an overweight rating and set a GBX 300 ($4.14) target price on shares of Ibstock in a research note on Friday, January 19th. Barclays reaffirmed an equal weight rating on shares of Ibstock in a research note on Friday, January 19th. Finally, Peel Hunt lowered shares of Ibstock to a hold rating and set a GBX 285 ($3.94) target price for the company. in a research note on Thursday, January 18th. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company currently has a consensus rating of Buy and an average price target of GBX 281.67 ($3.89).

Ibstock (LON IBST) traded up GBX 1.60 ($0.02) during trading on Tuesday, reaching GBX 250 ($3.45). 405,270 shares of the company traded hands, compared to its average volume of 893,047. Ibstock has a 52-week low of GBX 186.90 ($2.58) and a 52-week high of GBX 273.40 ($3.78). The firm has a market capitalization of $1,020.00 and a PE ratio of 1,136.36.

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Ibstock Company Profile

Ibstock plc is a United Kingdom-based company, which is engaged in manufacturing of clay bricks and concrete products. The Company’s segments are the UK and the US. The Company’s principal products include clay bricks, brick components, concrete stone masonry substitutes, concrete fencing, pre-stressed concrete products and concrete rail products.

Analyst Recommendations for Ibstock (LON:IBST)

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