Ibstock plc’s (IBST) Buy Rating Reiterated at Deutsche Bank AG

Ibstock plc logoDeutsche Bank AG reaffirmed their buy rating on shares of Ibstock plc (LON:IBST) in a report released on Thursday morning.

Several other research firms also recently issued reports on IBST. Numis Securities Ltd reduced their price objective on Ibstock plc from GBX 235 ($2.91) to GBX 195 ($2.42) and set an add rating on the stock in a report on Tuesday, September 13th. Jefferies Group reaffirmed a buy rating and set a GBX 190 ($2.35) price objective on shares of Ibstock plc in a report on Tuesday, November 1st. Peel Hunt assumed coverage on Ibstock plc in a research note on Tuesday, October 18th. They issued an add rating and a GBX 175 ($2.17) price target on the stock. Barclays PLC reissued an overweight rating and issued a GBX 185 ($2.29) price target on shares of Ibstock plc in a research note on Wednesday, September 21st. Finally, JPMorgan Chase & Co. reissued an overweight rating and issued a GBX 170 ($2.11) price target on shares of Ibstock plc in a research note on Monday, August 8th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company has an average rating of Buy and an average price target of GBX 183.50 ($2.27).

Analyst Recommendations for Ibstock plc (LON:IBST)

Ibstock plc (LON:IBST) opened at 175.50 on Thursday. Ibstock plc has a 12-month low of GBX 113.20 and a 12-month high of GBX 227.20. The stock has a 50 day moving average price of GBX 164.90 and a 200-day moving average price of GBX 170.99. The stock’s market capitalization is GBX 712.37 million.

Source The CERBAT GEM