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 net margin of 2.01% and a return on equity of 1.83%.

Ibstock Stock Performance

IBST opened at GBX 165 ($2.13) on Thursday. 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 current ratio of 1.37 and a quick ratio of 1.19. The company has a market capitalization of £650.12 million, a price-to-earnings ratio of 89.33, a price-to-earnings-growth ratio of 0.47 and a beta of 1.34. Ibstock has a 1-year low of GBX 133 ($1.71) and a 1-year high of GBX 212 ($2.73).

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft boosted their price objective on Ibstock from GBX 225 ($2.90) to GBX 240 ($3.09) and gave the company a “buy” rating in a research report 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.