The Peel Hunt Lowers Ibstock plc (IBST) to Hold

The Peel Hunt Lowers Ibstock plc (IBST) to Hold

Peel Hunt lowered shares of Ibstock plc (LON:IBST) to a hold rating in a research note released on Monday morning. The firm currently has GBX 175 ($2.11) target price on the stock.

A number of other research firms have also recently commented on IBST. Deutsche Bank AG reaffirmed a buy rating and set a GBX 240 ($2.90) price target on shares of Ibstock plc in a research note on Thursday, January 12th. JPMorgan Chase & Co. reiterated an overweight rating and set a GBX 210 ($2.53) price objective on shares of Ibstock plc in a report on Wednesday, December 7th. Jefferies Group lifted their price objective on shares of Ibstock plc from GBX 190 ($2.29) to GBX 230 ($2.77) and gave the company a buy rating in a report on Monday, December 5th. Finally, Barclays PLC lifted their price objective on shares of Ibstock plc from GBX 190 ($2.29) to GBX 200 ($2.41) and gave the company an overweight rating in a report on Thursday, December 15th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus price target of GBX 208.33 ($2.51).

Shares of Ibstock plc (LON:IBST) opened at 176.65 on Monday. The stock’s 50 day moving average is GBX 183.10 and its 200-day moving average is GBX 167.88. The stock’s market cap is GBX 717.04 million. Ibstock plc has a 12-month low of GBX 113.20 and a 12-month high of GBX 227.10.

Ibstock plc Company Profile

Ibstock plc is a United Kingdom-based company, which is engaged in manufacturing of clay bricks and concrete products. The Company’s segments are the UK and the US. The Company’s principal products include clay bricks, brick components, concrete stone masonry substitutes, concrete fencing, pre-stressed concrete products and concrete rail products.

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