JP Morgan Cazenove disclosed Ibstock Plc (LON:IBST), supporting its stock price target at 170.00GBX earlier today
- Updated: September 15, 2016
Having a price of 166.10GBX, Ibstock Plc (LON:IBST) traded 1.70% higher on the day. The last stock price close is down 10.32% relative to the two hundred day moving average, compared with the S&P 500 which has decreased -0.01% over the date range. IBST has recorded a 50-day average of 165.67GBX and 200-day moving average of 180.43GBX. Trading volume was was up over the average, with 2,715,095 shares of IBST changing hands over the typical 1,248,390 shares.
In a report announced on 9/16/2016 JP Morgan Cazenove held steady the target price of Ibstock Plc (LON:IBST) at 170GBX indicating a possible upsideof 0.02%.
Previously on 9/13/2016, Numis released a statement on Ibstock Plc(LON:IBST) lowered the target price from 235.00GBX to 195.00GBX. At the time, this suggested an upside of 0.19%.
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Also covering Ibstock Plc’s stock price target, a total of 6 brokerages have issued a ratings update on the company. The consensus target price is 230.33GBX with one analyst rating the company a strong buy, five analysts rating the company a buy, 0 firms rating the stock a hold, 0 rating the company to underperform, and finally 0 analysts rating the company as sell.
Ibstock Plc has a one-year low of 113.20GBX and a 52 week high of 227.20GBX with a P/E ratio of 13. Ibstock Plc’s market capitalization is presently 0.0 GBX.
Brief Synopsis On 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, and which manufactures bricks in the North East and Mid-West regions of the United States.
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