Ibstock (LON:IBST) Stock Rating Reaffirmed by Peel Hunt

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Peel Hunt reiterated their add rating on shares of Ibstock (LON:IBST) in a research report report published on Tuesday, ThisIsMoney.Co.Uk reports.

A number of other equities research analysts have also recently issued reports on the company. JPMorgan Chase & Co. cut their target price on Ibstock from GBX 300 ($3.92) to GBX 290 ($3.79) and set an overweight rating on the stock in a research note on Thursday, July 25th. Berenberg Bank cut their target price on Ibstock from GBX 310 ($4.05) to GBX 300 ($3.92) and set a buy rating on the stock in a research note on Friday, August 2nd. Numis Securities reiterated an add rating on shares of Ibstock in a research note on Thursday, May 16th. UBS Group upgraded shares of Ibstock to a buy rating and cut their price objective for the company from GBX 270 ($3.53) to GBX 260 ($3.40) in a research note on Monday, August 5th. Finally, Jefferies Financial Group restated a buy rating on shares of Ibstock in a research note on Tuesday, June 25th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Ibstock currently has a consensus rating of Buy and an average target price of GBX 282.17 ($3.69).

IBST stock opened at GBX 212.38 ($2.78) on Tuesday. The company has a debt-to-equity ratio of 28.00, a quick ratio of 0.99 and a current ratio of 1.68. The stock has a market capitalization of $865.03 million and a price-to-earnings ratio of 12.87. Ibstock has a 1 year low of GBX 190.70 ($2.49) and a 1 year high of GBX 265.60 ($3.47). The stock’s fifty day moving average is GBX 226.75 and its two-hundred day moving average is GBX 242.14.

The business also recently disclosed a dividend, which will be paid on Friday, September 20th. Investors of record on Thursday, August 15th will be paid a dividend of GBX 8.20 ($0.11) per share. This is a boost from Ibstock’s previous dividend of $6.50. This represents a dividend yield of 3.6%. The ex-dividend date is Thursday, August 15th. Ibstock’s payout ratio is currently 0.61%.

In related news, insider Claire Hawkings acquired 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 20th. The shares were acquired at an average cost of GBX 213 ($2.78) per share, for a total transaction of £21,300 ($27,832.22).

About Ibstock

Ibstock plc manufactures and sells a range of 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.

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Analyst Recommendations for Ibstock (LON:IBST)

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