Ibstock (LON:IBST) Price Target Increased to GBX 150 by Analysts at Jefferies Financial Group

Ibstock (LON:IBST) had its target price upped by Jefferies Financial Group from GBX 143 ($1.81) to GBX 150 ($1.90) in a report released on Thursday morning, Marketbeat reports. Jefferies Financial Group currently has a hold rating on the stock.

Separately, Berenberg Bank reiterated a hold rating and set a GBX 150 ($1.90) target price on shares of Ibstock in a research note on Thursday, April 25th.

Ibstock Price Performance

Shares of LON IBST opened at GBX 156.40 ($1.98) on Thursday. The company has a quick ratio of 1.19, a current ratio of 1.50 and a debt-to-equity ratio of 42.09. The company has a market capitalization of £613.61 million, a PE ratio of 3,110.00, a PEG ratio of 0.66 and a beta of 1.32. The stock’s 50 day moving average price is GBX 156.28 and its 200-day moving average price is GBX 152.86. Ibstock has a twelve month low of GBX 118 ($1.50) and a twelve month high of GBX 174.40 ($2.21).

Insider Buying and Selling

In other news, insider Chris McLeish sold 29,893 shares of the company’s stock in a transaction on Monday, June 10th. The stock was sold at an average price of GBX 156 ($1.98), for a total transaction of £46,633.08 ($59,156.51). 0.31% 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.