Ibstock (LON:IBST) Price Target Raised to GBX 240 at Deutsche Bank Aktiengesellschaft

Ibstock (LON:IBST) had its price target lifted by Deutsche Bank Aktiengesellschaft from GBX 225 ($2.85) to GBX 240 ($3.04) in a report published on Thursday, MarketBeat.com reports. Deutsche Bank Aktiengesellschaft currently has a buy rating on the stock.

Ibstock Price Performance

Shares of IBST opened at GBX 165 ($2.09) on Thursday. The business’s 50-day moving average is GBX 170.69 and its two-hundred day moving average is GBX 181.20. The company has a market capitalization of £650.12 million, a P/E ratio of 89.33, a P/E/G ratio of 0.47 and a beta of 1.34. The company has a debt-to-equity ratio of 46.91, a quick ratio of 1.19 and a current ratio of 1.37. Ibstock has a fifty-two week low of GBX 133 ($1.69) and a fifty-two week high of GBX 212 ($2.69).

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.