What Next for Ibstock plc Stock After Today’s Huge Increase?

 What Next for Ibstock plc Stock After Today's Huge Increase?

The stock of Ibstock plc (LON:IBST) is a huge mover today! The stock decreased 0.91% or GBX 1.68 on November 28, hitting GBX 183.42. About 378,275 shares traded hands. Ibstock plc (LON:IBST) has declined 6.29% since April 29, 2016 and is downtrending. It has underperformed by 12.31% the S&P500.
The move comes after 5 months positive chart setup for the GBX 744.87 million company. It was reported on Nov, 28 by Barchart.com. We have GBX 188.92 PT which if reached, will make LON:IBST worth GBX 22.35 million more.

Ibstock plc (LON:IBST) Ratings Coverage

Out of 8 analysts covering Ibstock Plc (LON:IBST), 8 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Ibstock Plc has been the topic of 38 analyst reports since December 2, 2015 according to StockzIntelligence Inc. The firm has “Overweight” rating given on Monday, October 24 by JP Morgan. As per Friday, September 16, the company rating was maintained by JP Morgan. The rating was maintained by Barclays Capital with “Overweight” on Wednesday, September 21. The stock of Ibstock plc (LON:IBST) earned “Buy” rating by Beaufort Securities on Monday, August 8. The firm earned “Buy” rating on Wednesday, December 2 by UBS. JP Morgan maintained the stock with “Overweight” rating in Tuesday, January 19 report. The firm earned “Overweight” rating on Monday, October 31 by Barclays Capital. Barclays Capital maintained Ibstock plc (LON:IBST) rating on Tuesday, January 19. Barclays Capital has “Overweight” rating and GBX 250 price target. The rating was maintained by Deutsche Bank with “Buy” on Tuesday, July 26. The stock of Ibstock plc (LON:IBST) has “Buy” rating given on Thursday, November 24 by UBS.

Another recent and important Ibstock plc (LON:IBST) news was published by Fool.Co.Uk which published an article titled: “Why are Ibstock plc, Daily Mail and General Trust plc and Hostelworld Group …” on May 26, 2016.

Ibstock plc is a United Kingdom-based company, which is engaged in manufacturing of clay bricks and concrete products. The company has a market cap of 744.87 million GBP. The Company’s divisions are the UK and the US. It has a 13.8 P/E ratio. The Company’s principal products include clay bricks, brick components, concrete stone masonry substitutes, concrete fencing, pre-stressed concrete products and concrete rail products.

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