Ibstock (LON:IBST) had its target price trimmed by Berenberg Bank from GBX 310 ($4.05) to GBX 300 ($3.92) in a research report sent to investors on Friday, Digital Look reports. The brokerage currently has a buy rating on the stock.
Several other research analysts have also weighed in on the company. Peel Hunt reaffirmed an add rating on shares of Ibstock in a research report on Monday, July 29th. Numis Securities reiterated an add rating on shares of Ibstock in a report on Thursday, May 16th. UBS Group upgraded Ibstock to a buy rating and lowered their price target for the company from GBX 270 ($3.53) to GBX 260 ($3.40) in a report on Monday. Jefferies Financial Group reiterated a buy rating on shares of Ibstock in a report on Tuesday, June 25th. Finally, JPMorgan Chase & Co. lowered their price target on Ibstock from GBX 300 ($3.92) to GBX 290 ($3.79) and set an overweight rating for the company in a report on Thursday, July 25th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Ibstock presently has an average rating of Buy and a consensus price target of GBX 286 ($3.74).
IBST stock traded down GBX 1.40 ($0.02) on Friday, reaching GBX 211.40 ($2.76). The company had a trading volume of 1,033,523 shares, compared to its average volume of 1,100,000. Ibstock has a 1 year low of GBX 190.70 ($2.49) and a 1 year high of GBX 265.60 ($3.47). The company has a current ratio of 1.60, a quick ratio of 0.87 and a debt-to-equity ratio of 18.85. The firm’s fifty day moving average price is GBX 239. The company has a market capitalization of $861.66 million and a P/E ratio of 11.24.
The business also recently declared a dividend, which will be paid on Friday, September 20th. Stockholders of record on Thursday, August 15th will be given a dividend of GBX 8.20 ($0.11) per share. This is a boost from Ibstock’s previous dividend of $6.50. The ex-dividend date is Thursday, August 15th. This represents a dividend yield of 3.6%. Ibstock’s dividend payout ratio (DPR) is presently 0.53%.
Ibstock plc manufactures and sells a range of 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.
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