Ibstock (LON:IBST) Issues Quarterly Earnings Results

Ibstock (LON:IBST) issued its earnings results on Thursday. The company reported GBX 7.70 ($0.10) earnings per share for the quarter, Digital Look Earnings reports. Ibstock had a return on equity of 1.83% and a net margin of 2.01%.

Ibstock Stock Up 1.1 %

Shares of LON IBST traded up GBX 1.80 ($0.02) during midday trading on Thursday, hitting GBX 166.60 ($2.15). 543,818 shares of the stock traded hands, compared to its average volume of 1,432,643. Ibstock has a one year low of GBX 133 ($1.71) and a one year high of GBX 212 ($2.73). The business has a 50 day moving average price of GBX 167.50 and a two-hundred day moving average price of GBX 180.21. The company has a debt-to-equity ratio of 46.91, a quick ratio of 1.19 and a current ratio of 1.37. The company has a market cap of £656.42 million, a PE ratio of 90.20, a P/E/G ratio of 0.47 and a beta of 1.34.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Ibstock from GBX 225 ($2.90) to GBX 240 ($3.09) and gave the company a “buy” rating in a research note on Thursday, February 20th.

About Ibstock

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.