Ibstock (IBST) PT Raised to GBX 310

Ibstock (LON:IBST) had its price objective raised by BNP Paribas from GBX 280 ($3.96) to GBX 310 ($4.38) in a research report released on Thursday, April 5th. The firm currently has an outperform rating on the stock.

Other research analysts have also issued reports about the company. Numis Securities upped their target price on Ibstock from GBX 270 ($3.82) to GBX 288 ($4.07) and gave the stock an add rating in a research report on Tuesday, February 6th. Deutsche Bank reiterated a buy rating and set a GBX 292 ($4.13) price target on shares of Ibstock in a research note on Tuesday, January 30th. Berenberg Bank increased their target price on Ibstock from GBX 310 ($4.38) to GBX 330 ($4.66) and gave the company a buy rating in a research note on Thursday, March 8th. Peel Hunt upgraded Ibstock to a buy rating and increased their target price for the company from GBX 265 ($3.75) to GBX 285 ($4.03) in a research note on Wednesday, December 6th. Finally, Barclays reiterated an equal weight rating on shares of Ibstock in a research report on Friday, January 19th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock has an average rating of Buy and an average target price of GBX 298.38 ($4.22).

How to Become a New Pot Stock Millionaire

Shares of LON IBST opened at GBX 292 ($4.13) on Thursday. Ibstock has a 12 month low of GBX 197.50 ($2.79) and a 12 month high of GBX 299.10 ($4.23).

Ibstock (LON:IBST) last posted its quarterly earnings results on Tuesday, March 6th. The company reported GBX 21.40 ($0.30) earnings per share for the quarter, beating the consensus estimate of GBX 18.30 ($0.26) by GBX 3.10 ($0.04). Ibstock had a return on equity of 17.02% and a net margin of 13.47%. The firm had revenue of £451.58 million for the quarter.

The firm also recently declared a dividend, which will be paid on Friday, June 8th. Investors of record on Thursday, May 10th will be issued a dividend of GBX 6.50 ($0.09) per share. This represents a yield of 2.32%. This is a boost from Ibstock’s previous dividend of $2.60. The ex-dividend date of this dividend is Thursday, May 10th.

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Ibstock Company Profile

Ibstock plc manufactures and sells clay and concrete products in the United Kingdom and the United States. Its principal products include clay bricks, brick components, concrete roof tiles, concrete stone masonry substitutes, concrete fencing, pre-stressed concrete, and concrete rail products. The company also provides concrete lintels; precast products for the house building and rail sectors; and concrete architectural masonry walling blocks.

Analyst Recommendations for Ibstock (LON:IBST)

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