Why Has Barclays Given Ibstock (LON:IBST) a GBX 250.00 Price Target
Equities researchers at Barclays a key “Overweight” rating for Ibstock (LON:IBST). The firm have begun coverage in an analyst note issued on Wednesday, 2 December. The target PPS may imply upside of 19.62% from the previous stock close.
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 17.08% above today’s (GBX 209.25) stock price. Ibstock Plc was the topic of 2 analyst reports since December 2, 2015 according to the firm StockzIntelligence Inc.
The stock increased 1.82% or GBX 3.75 on December 2, striking GBX 209.25. Approximately 989,063 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 is a United Kingdom brick manufacturer. The company has a market cap of 848.51 million GBP. The Firm makes clay bricks and concrete products with activities in the United Kingdom and the United States. It has 7.65 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.