Ibstock (LON:IBST) Given New GBX 150 Price Target at Jefferies Financial Group

Ibstock (LON:IBST) had its price objective raised by stock analysts at Jefferies Financial Group from GBX 143 ($1.81) to GBX 150 ($1.90) in a research report issued to clients and investors on Thursday, Digital Look reports. The brokerage currently 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 restated a “hold” rating and issued a GBX 150 ($1.90) price target on shares of Ibstock in a research report on Thursday, April 25th.

Ibstock Trading Down 0.8 %

Shares of LON IBST opened at GBX 153.40 ($1.95) on Thursday. Ibstock has a fifty-two week low of GBX 118 ($1.50) and a fifty-two week high of GBX 174.40 ($2.21). The firm 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 company has a debt-to-equity ratio of 42.09, a current ratio of 1.50 and a quick ratio of 1.19. The company’s 50 day simple moving average is GBX 156.17 and its 200 day simple moving average is GBX 152.85.

Insider Activity at Ibstock

In other Ibstock news, insider Chris McLeish sold 29,893 shares of the stock in a transaction on Monday, June 10th. The shares were sold at an average price of GBX 156 ($1.98), for a total value of £46,633.08 ($59,156.51). Corporate 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.