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

Ibstock (LON:IBST) had its price target lifted by research analysts at Deutsche Bank Aktiengesellschaft from GBX 225 ($2.83) to GBX 240 ($3.02) in a research note issued to investors on Thursday, MarketBeat Ratings reports. The firm presently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s price target suggests a potential upside of 45.45% from the company’s current price.

Ibstock Stock Performance

Shares of IBST stock traded up GBX 1.40 ($0.02) during trading hours on Thursday, reaching GBX 165 ($2.08). 507,090 shares of the company’s stock were exchanged, compared to its average volume of 1,569,497. Ibstock has a fifty-two week low of GBX 133 ($1.67) and a fifty-two week high of GBX 212 ($2.67). The company has a quick ratio of 1.19, a current ratio of 1.37 and a debt-to-equity ratio of 46.91. The stock 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 business has a fifty day moving average price of GBX 171.20 and a 200-day moving average price of GBX 181.31.

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.