16 hours ago
Ibstock (IBST) Gets a Buy from Jefferies
In a report released yesterday, Priyal Woolf from Jefferies maintained a Buy rating on Ibstock (IBST – Research Report), with a price target of £1.90. The company's shares closed yesterday at p151.40.
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According to TipRanks, Woolf is ranked #8378 out of 9595 analysts.
Currently, the analyst consensus on Ibstock is a Strong Buy with an average price target of p213.20, which is a 40.82% upside from current levels. In a report released on June 12, Deutsche Bank also maintained a Buy rating on the stock with a £2.20 price target.
Based on Ibstock's latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of p188.02 million and a net profit of p6.5 million. In comparison, last year the company earned a revenue of p183.11 million and had a GAAP net loss of p1.34 million
Based on the recent corporate insider activity of 6 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of IBST in relation to earlier this year.
