Ibstock (LON:IBST) Stock Rating Reaffirmed by Royal Bank of Canada

Ibstock (LON:IBST)‘s stock had its “outperform” rating reaffirmed by investment analysts at Royal Bank of Canada in a research report issued to clients and investors on Thursday, Digital Look reports. They presently have a GBX 200 ($2.53) price target on the stock. Royal Bank of Canada’s target price indicates a potential upside of 16.01% from the stock’s current price.

Several other research analysts have also recently weighed in on the stock. Berenberg Bank reaffirmed a “hold” rating and issued a GBX 150 ($1.90) price target on shares of Ibstock in a report on Thursday, April 25th. Jefferies Financial Group upped their target price on Ibstock from GBX 143 ($1.81) to GBX 150 ($1.90) and gave the stock a “hold” rating in a research note on Thursday, June 27th.

Ibstock Price Performance

Shares of LON:IBST opened at GBX 172.40 ($2.18) on Thursday. Ibstock has a 12 month low of GBX 118 ($1.49) and a 12 month high of GBX 174.40 ($2.21). The company has a current ratio of 1.50, a quick ratio of 1.19 and a debt-to-equity ratio of 42.09. The stock has a market cap of £676.39 million, a P/E ratio of 3,448.00, a P/E/G ratio of 0.66 and a beta of 1.32. The company has a 50 day moving average of GBX 156.93 and a 200 day moving average of GBX 153.39.

Insider Transactions at Ibstock

In related news, insider Chris McLeish sold 29,893 shares of the firm’s stock in a transaction dated Monday, June 10th. The stock was sold at an average price of GBX 156 ($1.97), for a total transaction of £46,633.08 ($58,984.42). Company insiders own 0.31% of the company’s stock.

Ibstock Company Profile

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.