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Deutsche Bank recorded Ibstock Plc (LON:IBST), holding steady its target price at 299.00GBX today

Yesterday Ibstock Plc (LON:IBST) traded -2.71% lower at 0.00GBX. The company’s 50-day moving average is 246.83GBX and its 200-day moving average is 225.49GBX. The last stock close price is down 0.32% from the 200-day moving average, compared to the S&P 500 which has increased 0.05% over the same time. 2,134,281 shares of the stock were exchanged, up from an average trading volume of 1,256,010

Ibstock Plc (LON:IBST) had its target price hold steady to 299.00GBX by Deutsche Bank in a report released Friday July 07, 2017. The new target price indicates steady performance relative to the company's last stock close price.

Previously on Monday June 26, 2017, Jefferies International reported about Ibstock Plc (LON:IBST) raised the target price from 240.00GBX to 290.00GBX. At the time, this indicated a possible upside of 0.15%.

See Chart Below

Ibstock Plc (LON:IBST)

Ibstock Plc has a 52 week low of 156.64GBX and a 52 week high of 261.00GBX with a P/E ratio of 10.19 The company’s market cap is currently 0 GBX.

In addition to Deutsche Bank reporting its target price, a total of 6 firms have reported on the stock. The consensus target price is 230.33GBX with 1 firm rating the stock a strong buy, 5 firms rating the stock a buy, 0 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.

About Ibstock Plc (LON:IBST)

Ibstock plc is a United Kingdom-based company, which is engaged in manufacturing of clay bricks and concrete products. The Company's segments are the UK and the US. The Company's principal products include clay bricks, brick components, concrete stone masonry substitutes, concrete fencing, pre-stressed concrete products and concrete rail products. Its range of products are manufactured, marketed and distributed by Ibstock Brick, which manufactures a range of clay bricks sold in the United Kingdom; Supreme Concrete, which manufactures concrete fencing products and concrete lintels with approximately seven manufacturing plants in the United Kingdom; Forticrete, which manufactures concrete substitutes for natural stone walling and dressings and concrete roof tiles, with approximately seven manufacturing plants in the United Kingdom, and Glen-Gery, which manufactures bricks in the North East and Mid-West regions of the United States.

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