Trade Report: The Ibstock plc (IBST) Rating Reiterate by Barclays PLC

The Ibstock plc (IBST) Rating Reiterate by Barclays PLC

Ibstock plc (LON:IBST)‘s stock had its “overweight” rating reaffirmed by Barclays PLC in a research report issued on Monday. They presently have a GBX 190 ($2.32) target price on the stock. Barclays PLC’s price objective indicates a potential upside of 17.07% from the company’s previous close.

Other equities research analysts also recently issued research reports about the company. Peel Hunt began coverage on Ibstock plc in a report on Tuesday, October 18th. They issued an “add” rating and a GBX 175 ($2.13) price objective for the company. Deutsche Bank AG dropped their price objective on Ibstock plc from GBX 226 ($2.75) to GBX 181 ($2.21) and set a “buy” rating for the company in a report on Tuesday, July 26th. JPMorgan Chase & Co. reiterated an “overweight” rating and issued a GBX 170 ($2.07) price objective on shares of Ibstock plc in a report on Monday, October 24th. Beaufort Securities reiterated a “buy” rating on shares of Ibstock plc in a report on Monday, August 8th. Finally, Jefferies Group upped their price objective on Ibstock plc from GBX 170 ($2.07) to GBX 190 ($2.32) and gave the company a “buy” rating in a report on Wednesday, August 10th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Ibstock plc presently has a consensus rating of “Buy” and an average price target of GBX 183.50 ($2.24).

Shares of Ibstock plc (LON:IBST) opened at 161.6178 on Monday. The firm’s market capitalization is GBX 656.02 million. Ibstock plc has a one year low of GBX 113.20 and a one year high of GBX 227.20. The stock’s 50 day moving average price is GBX 163.72 and its 200 day moving average price is GBX 172.73.

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