Ibstock Plc (LON:IBST) Reaching An Inflection Point; Numis Initiates Shares At Add with GBX 235.00 target

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Why Has Numis Given Ibstock Plc (LON:IBST) a GBX 235.00 Price Target

London: Ibstock Plc (LON:IBST) coverage has been initiated with a key ‘Add’ rating as well as a GBX 235.00 target price per share at Numis. The target price by Numis gives upside of 12.64% from the stock price.

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 16.69% above today’s (GBX 209.95) stock price. Ibstock Plc was the topic of 2 analyst reports since December 2, 2015 according to the firm StockzIntelligence Inc.

Approximately 106,094 shares of stock traded hands. Ibstock plc (LON:IBST) has risen 6.00% since November 2, 2015 and is uptrending. It has outperformed by 6.20% the S&P500.

Ibstock Plc (LON:IBST) Reaching An Inflection Point; Numis Initiates Shares At Add with GBX 235.00 target

Ibstock plc is a United Kingdom brick manufacturer. The company has a market cap of 851.35 million GBP. The Firm makes clay bricks and concrete products with activities in the United Kingdom and the United States. It has 7.67 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.

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