Ibstock (LON:IBST) Earns “Hold” Rating from Berenberg Bank

Berenberg Bank reissued their hold rating on shares of Ibstock (LON:IBST) in a research report report published on Monday morning, Marketbeat reports. Berenberg Bank currently has a GBX 200 ($2.68) target price on the stock.

Separately, Deutsche Bank Aktiengesellschaft raised their price target on shares of Ibstock from GBX 225 ($3.02) to GBX 240 ($3.22) and gave the company a “buy” rating in a research report on Thursday, February 20th.

Ibstock Price Performance

Shares of IBST opened at GBX 155.20 ($2.08) on Monday. The company has a market capitalization of £611.51 million, a P/E ratio of 84.03, a price-to-earnings-growth ratio of 0.47 and a beta of 1.34. The company has a quick ratio of 1.19, a current ratio of 1.37 and a debt-to-equity ratio of 46.91. The firm has a 50 day moving average of GBX 181.99 and a 200 day moving average of GBX 174.83. Ibstock has a twelve month low of GBX 150.09 ($2.01) and a twelve month high of GBX 212 ($2.84).

Insiders Place Their Bets

In other Ibstock news, insider Joe Hudson sold 139,886 shares of Ibstock stock in a transaction that occurred on Wednesday, April 30th. The shares were sold at an average price of GBX 176 ($2.36), for a total value of £246,199.36 ($330,380.25). 0.35% of the stock is currently owned by insiders.

About Ibstock

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.