Ibstock (LON:IBST) Price Target Raised to GBX 240

Ibstock (LON:IBST) had its price objective upped by Deutsche Bank Aktiengesellschaft from GBX 225 ($2.84) to GBX 240 ($3.03) in a research note released on Thursday, MarketBeat reports. The firm currently has a buy rating on the stock.

Ibstock Stock Up 1.1 %

IBST opened at GBX 165.80 ($2.09) on Thursday. Ibstock has a 1-year low of GBX 133 ($1.68) and a 1-year high of GBX 212 ($2.68). The stock’s fifty day simple moving average is GBX 170.26 and its 200 day simple moving average is GBX 181.21. The company has a current ratio of 1.37, a quick ratio of 1.19 and a debt-to-equity ratio of 46.91. The stock has a market cap of £653.27 million, a PE ratio of 89.76, a price-to-earnings-growth ratio of 0.47 and a beta of 1.34.

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.