UBS Group restated their buy rating on shares of Ibstock (LON:IBST) in a research report report published on Thursday, September 19th, ThisIsMoney.Co.Uk reports.
A number of other brokerages also recently issued reports on IBST. JPMorgan Chase & Co. reiterated an overweight rating on shares of Ibstock in a research report on Friday, September 6th. Peel Hunt restated an add rating on shares of Ibstock in a research report on Tuesday, August 20th. Berenberg Bank decreased 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 report on Friday, August 2nd. Finally, Jefferies Financial Group reaffirmed a buy rating on shares of Ibstock in a report on Tuesday, June 25th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of Buy and a consensus target price of GBX 282.17 ($3.69).
Shares of IBST traded up GBX 21.60 ($0.28) during mid-day trading on Thursday, reaching GBX 253.20 ($3.31). The company had a trading volume of 1,751,843 shares, compared to its average volume of 1,100,000. The stock has a market capitalization of $1.04 billion and a P/E ratio of 15.35. The stock has a 50 day moving average of GBX 224.92 and a two-hundred day moving average of GBX 238.06. The company has a quick ratio of 0.99, a current ratio of 1.68 and a debt-to-equity ratio of 28.00. Ibstock has a 52-week low of GBX 190.70 ($2.49) and a 52-week high of GBX 265.60 ($3.47).
The firm also recently announced a dividend, which was paid on Friday, September 20th. Shareholders of record on Thursday, August 15th were paid a dividend of GBX 8.20 ($0.11) per share. This is a boost from Ibstock’s previous dividend of $6.50. The ex-dividend date of this dividend was Thursday, August 15th. This represents a yield of 3.6%. Ibstock’s dividend payout ratio (DPR) is 0.61%.
In other Ibstock news, insider Claire Hawkings bought 10,000 shares of the business’s stock in a transaction on Tuesday, August 20th. The stock was bought at an average price of GBX 213 ($2.78) per share, with a total value of £21,300 ($27,832.22).
Ibstock Company Profile
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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