Ibstock (LON:IBST) Price Target Raised to GBX 240

Ibstock (LON:IBST) had its target price increased by Deutsche Bank Aktiengesellschaft from GBX 225 ($2.85) to GBX 240 ($3.04) in a report published on Thursday, Marketbeat.com reports. Deutsche Bank Aktiengesellschaft currently has a buy rating on the stock.

Ibstock Trading Up 0.6 %

Shares of Ibstock stock opened at GBX 165 ($2.09) on Thursday. The firm has a market capitalization of £650.12 million, a PE ratio of 89.33, a P/E/G ratio of 0.47 and a beta of 1.34. Ibstock has a twelve month low of GBX 133 ($1.69) and a twelve month high of GBX 212 ($2.69). The firm’s 50-day moving average price is GBX 170.69 and its 200 day moving average price is GBX 181.20. The company has a current ratio of 1.37, a quick ratio of 1.19 and a debt-to-equity ratio of 46.91.

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.