Rating Reporting: Analysts at UBS Kept their Buy rating for Ibstock (LON:IBST). The Price Objective is GBX 205.00

November 24, 2016 - By Ruchi Gupta

Ibstock (LON:IBST) Rating

UBS have a GBX 205.00 PT on the stock. The PT suggests a potential upside of 13.95% from Ibstock (LON:IBST)‘s stock close price. This rating was revealed in a report on 24 November.

Ibstock plc (LON:IBST) Ratings Coverage

Out of 8 analysts covering Ibstock Plc (LON:IBST), 8 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. GBX 260 is the highest target while GBX 170 is the lowest. The GBX 191.57 average target is 6.61% above today’s (GBX 179.7) stock price. Ibstock Plc has been the topic of 37 analyst reports since December 2, 2015 according to StockzIntelligence Inc. Barclays Capital maintained the shares of IBST in a report on Thursday, June 30 with “Overweight” rating. Numis Securities maintained the shares of IBST in a report on Tuesday, September 13 with “Add” rating. Barclays Capital maintained it with “Overweight” rating and GBX 250 target price in Friday, March 11 report. Barclays Capital maintained it with “Overweight” rating and GBX 185 target price in Friday, September 23 report. The rating was maintained by JP Morgan with “Overweight” on Tuesday, January 19. The rating was maintained by Deutsche Bank on Monday, August 8 with “Buy”. The stock of Ibstock plc (LON:IBST) has “Overweight” rating given on Friday, July 1 by JP Morgan. Deutsche Bank maintained Ibstock plc (LON:IBST) rating on Friday, July 8. Deutsche Bank has “Buy” rating and GBX 226 price target. Deutsche Bank maintained the shares of IBST in a report on Tuesday, August 2 with “Buy” rating. The stock of Ibstock plc (LON:IBST) has “Overweight” rating given on Friday, September 16 by JP Morgan.

About 174,802 shares traded hands. Ibstock plc (LON:IBST) has declined 9.55% since April 26, 2016 and is downtrending. It has underperformed by 14.95% the S&P500.

Ibstock plc is a United Kingdom-based company, which is engaged in manufacturing of clay bricks and concrete products. The company has a market cap of 729.77 million GBP. The Company’s divisions are the UK and the US. It has a 13.52 P/E ratio. The Company’s principal products include clay bricks, brick components, concrete stone masonry substitutes, concrete fencing, pre-stressed concrete products and concrete rail products.

Another recent and important Ibstock plc (LON:IBST) news was published by Fool.Co.Uk which published an article titled: “Why are Ibstock plc, Daily Mail and General Trust plc and Hostelworld Group …” on May 26, 2016.

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