Ibstock (OTCMKTS:IBJHF) Trading Up 21% – Here’s What Happened

Shares of Ibstock plc (OTCMKTS:IBJHF) shot up 21% during mid-day trading on Monday . The company traded as high as $2.06 and last traded at $2.06. 10,000 shares traded hands during trading, a decline of 50% from the average session volume of 19,900 shares. The stock had previously closed at $1.70.

Analyst Ratings Changes

IBJHF has been the subject of several research analyst reports. UBS Group reaffirmed a “buy” rating on shares of Ibstock in a report on Thursday, March 6th. Royal Bank of Canada reaffirmed an “outperform” rating on shares of Ibstock in a research note on Friday, March 7th. Finally, Investec upgraded Ibstock to a “buy” rating in a research report on Wednesday, March 5th.

Ibstock Price Performance

The company has a fifty day moving average price of $1.72 and a two-hundred day moving average price of $1.71.

About Ibstock

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.