Ibstock plc (LON:IBST) shares hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as GBX 200 ($2.61) and last traded at GBX 210.80 ($2.75), with a volume of 966160 shares traded. The stock had previously closed at GBX 203.40 ($2.66).
Several research analysts recently issued reports on IBST shares. Peel Hunt restated a “hold” rating on shares of Ibstock in a research report on Thursday, August 9th. Berenberg Bank cut their price objective on Ibstock from GBX 330 ($4.31) to GBX 310 ($4.05) and set a “buy” rating for the company in a research report on Tuesday, August 7th. Finally, Numis Securities restated an “add” rating and set a GBX 270 ($3.53) price objective on shares of Ibstock in a research report on Monday, November 26th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of GBX 299.14 ($3.91).
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About Ibstock (LON:IBST)
Ibstock plc manufactures and sells clay and concrete products in the United Kingdom and the United States. Its principal products include clay bricks, brick components, concrete roof tiles, concrete stone masonry substitutes, concrete fencing, pre-stressed concrete, and concrete rail products. The company also provides concrete lintels; precast products for the house building and rail sectors; and concrete architectural masonry walling blocks.
Further Reading: Market Capitalization
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