Ibstock (LON:IBST) Given Hold Rating at Berenberg Bank

Berenberg Bank reissued their hold rating on shares of Ibstock (LON:IBST) in a research report report published on Wednesday, MarketBeat Ratings reports. Berenberg Bank currently has a GBX 200 ($2.67) target price on the stock.

Separately, Deutsche Bank Aktiengesellschaft increased their price objective on shares of Ibstock from GBX 225 ($3.00) to GBX 240 ($3.20) and gave the company a “buy” rating in a research report on Thursday, February 20th.

Ibstock Price Performance

IBST opened at GBX 176.80 ($2.36) on Wednesday. The stock’s 50-day moving average price is GBX 168.30 and its 200 day moving average price is GBX 176.89. Ibstock has a 12-month low of GBX 133 ($1.77) and a 12-month high of GBX 212 ($2.83). The firm has a market cap of £696.61 million, a price-to-earnings ratio of 95.72, a PEG ratio of 0.47 and a beta of 1.34. The company has a current ratio of 1.37, a quick ratio of 1.19 and a debt-to-equity ratio of 46.91.

Ibstock (LON:IBST) last posted its quarterly earnings data on Thursday, March 6th. The company reported GBX 7.70 ($0.10) EPS for the quarter. Ibstock had a net margin of 2.01% and a return on equity of 1.83%. As a group, sell-side analysts expect that Ibstock will post 11.0089552 earnings per share for the current year.

Ibstock Increases Dividend

The business also recently announced a dividend, which will be paid on Friday, May 30th. Stockholders of record on Thursday, May 8th will be issued a GBX 2.50 ($0.03) dividend. This is a boost from Ibstock’s previous dividend of $1.50. The ex-dividend date is Thursday, May 8th. This represents a dividend yield of 1.45%. Ibstock’s dividend payout ratio is presently 270.70%.

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.