Ibstock (LON:IBST) Stock Price Expected to Rise, Deutsche Bank Aktiengesellschaft Analyst Says

Ibstock (LON:IBST) had its target price boosted by equities researchers at Deutsche Bank Aktiengesellschaft from GBX 225 ($2.84) to GBX 240 ($3.03) in a note issued to investors on Thursday, Marketbeat Ratings reports. The brokerage presently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s price target indicates a potential upside of 44.75% from the stock’s current price.

Ibstock Stock Performance

LON:IBST opened at GBX 165.80 ($2.09) on Thursday. The stock’s 50-day moving average is GBX 170.26 and its 200-day moving average is GBX 181.15. Ibstock has a 1-year low of GBX 133 ($1.68) and a 1-year high of GBX 212 ($2.68). The company has a current ratio of 1.37, a quick ratio of 1.19 and a debt-to-equity ratio of 46.91. The stock has a market cap of £653.27 million, a P/E ratio of 89.76, a price-to-earnings-growth ratio of 0.47 and a beta of 1.34.

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.