Ibstock (LON:IBST) Trading 8% Higher – What’s Next?

Ibstock plc (LON:IBST) traded up 8% on Thursday . The stock traded as high as GBX 137.80 ($1.84) and last traded at GBX 137.80 ($1.84). 3,137,652 shares were traded during mid-day trading, an increase of 50% from the average session volume of 2,096,802 shares. The stock had previously closed at GBX 127.60 ($1.70).

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Berenberg Bank dropped their target price on Ibstock from GBX 170 to GBX 150 and set a “hold” rating on the stock in a research report on Wednesday, October 15th. Jefferies Financial Group dropped their target price on Ibstock from GBX 188 to GBX 143 and set a “buy” rating on the stock in a research report on Monday. Royal Bank Of Canada dropped their target price on Ibstock from GBX 210 to GBX 170 and set an “outperform” rating on the stock in a research report on Wednesday, October 15th. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on Ibstock from GBX 210 to GBX 190 and set a “buy” rating on the stock in a research report on Friday, October 10th. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of GBX 163.25.

Ibstock Price Performance

The company has a market capitalization of £536.76 million, a price-to-earnings ratio of 45.33, a price-to-earnings-growth ratio of 0.47 and a beta of 1.34. The company has a debt-to-equity ratio of 46.91, a current ratio of 1.37 and a quick ratio of 1.19. The business has a fifty day moving average price of GBX 135.71 and a 200 day moving average price of GBX 156.30.

Ibstock (LON:IBST) last issued its quarterly earnings results on Wednesday, August 6th. The company reported GBX 3 EPS for the quarter. Ibstock had a return on equity of 1.83% and a net margin of 2.01%. On average, research analysts expect that Ibstock plc will post 11.0089552 earnings per share for the current fiscal year.

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.