Ibstock (LON:IBST) Given Outperform Rating at Royal Bank of Canada

Ibstock (LON:IBST)‘s stock had its “outperform” rating reaffirmed by equities research analysts at Royal Bank of Canada in a report released on Thursday, Digital Look reports. They presently have a GBX 200 ($2.53) price target on the stock. Royal Bank of Canada’s price objective suggests a potential upside of 16.01% from the company’s current price.

IBST has been the subject of a number of other research reports. Jefferies Financial Group increased their price objective on shares of Ibstock from GBX 143 ($1.81) to GBX 150 ($1.90) and gave the stock a “hold” rating in a research report on Thursday, June 27th. Berenberg Bank reiterated a “hold” rating and set a GBX 150 ($1.90) target price on shares of Ibstock in a report on Thursday, April 25th.

Ibstock Price Performance

Shares of IBST stock opened at GBX 172.40 ($2.18) on Thursday. The firm’s 50-day moving average is GBX 156.93 and its two-hundred day moving average is GBX 153.39. Ibstock has a 12 month low of GBX 118 ($1.49) and a 12 month high of GBX 174.40 ($2.21). 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 company has a market capitalization of £676.39 million, a PE ratio of 3,448.00, a price-to-earnings-growth ratio of 0.66 and a beta of 1.32.

Insiders Place Their Bets

In other Ibstock news, insider Chris McLeish sold 29,893 shares of the stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of GBX 156 ($1.97), for a total transaction of £46,633.08 ($58,984.42). 0.31% of the stock is currently owned by corporate insiders.

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.