Ibstock (LON:IBST) Rating Reiterated by Royal Bank of Canada

Ibstock (LON:IBST)‘s stock had its “outperform” rating reaffirmed by equities research analysts at Royal Bank of Canada in a report issued on Thursday, Marketbeat Ratings reports. They presently have a GBX 200 ($2.53) price target on the stock. Royal Bank of Canada’s price target points to a potential upside of 11.61% from the stock’s previous close.

Several other research firms have also recently issued reports on IBST. Jefferies Financial Group boosted their target price on Ibstock from GBX 143 ($1.81) to GBX 150 ($1.90) and gave the company a “hold” rating in a research note on Thursday, June 27th. Berenberg Bank reaffirmed a “hold” rating and set a GBX 150 ($1.90) price target on shares of Ibstock in a report on Thursday, April 25th.

Ibstock Price Performance

Shares of Ibstock stock opened at GBX 179.20 ($2.27) on Thursday. The company has a debt-to-equity ratio of 42.09, a current ratio of 1.50 and a quick ratio of 1.19. The business’s 50 day simple moving average is GBX 158.06 and its two-hundred day simple moving average is GBX 153.74. The stock has a market capitalization of £703.07 million, a P/E ratio of 3,584.00, a price-to-earnings-growth ratio of 0.66 and a beta of 1.32. Ibstock has a one year low of GBX 118 ($1.49) and a one year high of GBX 180.60 ($2.28).

Insiders Place Their Bets

In related news, insider Chris McLeish sold 29,893 shares of the stock in a transaction dated Monday, June 10th. The stock was sold at an average price of GBX 156 ($1.97), for a total transaction of £46,633.08 ($58,984.42). Company insiders own 0.31% of the company’s stock.

Ibstock Company Profile

Ibstock plc manufactures and sells clay and concrete building products and solutions to customers in the residential construction sector in the United Kingdom. The company offers bricks and masonry, which includes facing and engineering bricks, brick slips, special shaped bricks, walling stone, architectural masonry, prefabricated components, eco-habitats, and padstones and lintels, as well as façade systems; roofing products comprising roof tiles and accessories, and chimneys; and flooring and lintels, such as beam and block flooring, insulated flooring, hollowcore, and screed rails.