Why Has Barclays Capital Given Ibstock Plc (LON:IBST) a GBX 250.00 Price Target
Barclays Capital has just issued a Overweight rating for Ibstock Plc (LON:IBST) shares. The firm have commenced coverage coverage on shares of IBST in analysts note disseminated on 2 December. This Estimated Target Price may suggest upside of 21.65% from the last close price of Ibstock Plc (LON:IBST).
From a total of 2 analysts covering Ibstock Plc (LON:IBST) stock, 2 rate it a ”Buy”, 0 a “Sell”, and 0 a ”Hold”. This means that 100% of the ratings are positive. The highest target price is GBX 250 while the lowest target price is GBX 240. The mean of all analyst targets is GBX 245 with a 19.22% above today’s (GBX 205.5) stock price. Ibstock Plc was the topic of 2 analyst reports since December 2, 2015 according to the firm StockzIntelligence Inc.
The stock closed the day at GBX 205.5 during the previous session. It is down 6.00% since November 2, 2015 and is uptrending. It has outperformed by 6.20% the S&P500.
Ibstock plc is a United Kingdom brick manufacturer. The company has a market cap of 833.30 million GBP. The Firm makes clay bricks and concrete products with activities in the United Kingdom and the United States. It has 7.51 P/E ratio. The Firm operates through four businesses: the United Kingdom business consisting of Ibstock Brick, Supreme and Forticrete, and the United States business consisting of Glen-Gery.