Berenberg Bank Reiterates “Hold” Rating for Ibstock (LON:IBST)

Berenberg Bank reissued their hold rating on shares of Ibstock (LON:IBST) in a research report sent to investors on Thursday morning, Digital Look reports. They currently have a GBX 150 ($1.85) target price on the stock.

Ibstock Trading Up 1.5 %

LON:IBST opened at GBX 149.20 ($1.84) on Thursday. The company has a debt-to-equity ratio of 42.09, a current ratio of 1.50 and a quick ratio of 1.19. The business’s 50-day simple moving average is GBX 153.01 and its 200-day simple moving average is GBX 144.83. Ibstock has a fifty-two week low of GBX 118 ($1.46) and a fifty-two week high of GBX 178.50 ($2.20). The stock has a market capitalization of £585.37 million, a PE ratio of 2,984.00, a price-to-earnings-growth ratio of 0.66 and a beta of 1.35.

Ibstock Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, May 31st. Stockholders of record on Thursday, May 9th will be issued a GBX 3.60 ($0.04) dividend. This represents a dividend yield of 2.25%. The ex-dividend date is Thursday, May 9th. This is a boost from Ibstock’s previous dividend of $3.40. Ibstock’s dividend payout ratio is 14,000.00%.

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.