Ibstock (LON:IBST) PT Raised to GBX 150 at Jefferies Financial Group

Ibstock (LON:IBST) had its price target lifted by Jefferies Financial Group from GBX 143 ($1.81) to GBX 150 ($1.90) in a research note issued to investors on Thursday, Marketbeat Ratings reports. They currently have a hold rating on the stock.

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

Ibstock Stock Up 0.1 %

Shares of LON IBST opened at GBX 155 ($1.97) on Thursday. The stock has a market capitalization of £608.13 million, a P/E ratio of 3,100.00, a PEG ratio of 0.66 and a beta of 1.32. The firm’s 50 day simple moving average is GBX 156.46 and its two-hundred day simple moving average is GBX 153.17. Ibstock has a one year low of GBX 118 ($1.50) and a one year 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.

Insider Buying and Selling at Ibstock

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

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.