Ibstock plc 6.3% potential upside indicated by Berenberg Bank

Broker Ratings

Ibstock plc with ticker (LON:IBST) now has a potential upside of 6.3% according to Berenberg Bank.

Berenberg Bank set a target price of 180 GBX for the company, which when compared to the Ibstock plc share price of 169 GBX at opening today (28/02/2023) indicates a potential upside of 6.3%. Trading has ranged between 145 (52 week low) and 210 (52 week high) with an average of 876,438 shares exchanging hands daily. The market capitalisation at the time of writing is £669,792,370.

Ibstock plc is a United Kingdom-based manufacturer of clay and concrete building products and solutions primarily in the United Kingdom. The Company’s principal products include clay bricks, brick components, concrete roof tiles, concrete stone masonry substitutes, concrete fencing, pre-stressed concrete and concrete rail products. The Company operates through two divisions: 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 and also for infrastructure markets. Its subsidiaries include Ibstock USA Ltd, Forticrete Ltd, Home Building Supplies Ltd, Anderton Concrete Products Ltd, Supreme Concrete Ltd, Ibstock Brick Ltd, Ibstock Manufacturing Services Ltd, Ibstock Leasing Ltd and other.

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