Ibstock plc 11.0% potential upside indicated by Berenberg Bank

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Ibstock plc with ticker (LON:IBST) now has a potential upside of 11.0% according to Berenberg Bank.

Berenberg Bank set a target price of 228 GBX for the company, which when compared to the Ibstock plc share price of 203 GBX at opening today (20/01/2022) indicates a potential upside of 11.0%. Trading has ranged between 181 (52 week low) and 247 (52 week high) with an average of 940,743 shares exchanging hands daily. The market capitalisation at the time of writing is £843,841,096.

Ibstock plc is a United Kingdom-based company, which manufactures and supplies clay and concrete building products. The Company’s segment includes Clay and Concrete. Its Clay division offers a range of bricks manufactured in the United Kingdom as well as prefabricated elements, precast solutions and brick-faced facade systems for both low-rise and high-rise developments. Its Concrete division manufactures precast concrete products for the residential housing and hard landscaping markets. The Company’s products include walling products, such as facing bricks, special bricks, walling stone, special walling stone, architectural masonry, cast stone, facade systems, retaining walls, lintels, sills and arches; roofing products, such as roof tiles, chimneys, soffits and roofing accessories; garden and landscaping products, such as fencing, caps and copings, bollards, balustrades path edging, urban landscaping; rail and infrastructure products, such as troughing and cable theft protection.

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