Ibstock plc 16.1% potential upside indicated by JP Morgan Cazenove

Ibstock plc with ticker (LON:IBST) now has a potential upside of 16.1% according to JP Morgan Cazenove.



JP Morgan Cazenove set a target price of 230 GBX for the company, which when compared to the Ibstock plc share price of 193 GBX at opening today (21/10/2021) indicates a potential upside of 16.1%. Trading has ranged between 144 (52 week low) and 247 (52 week high) with an average of 1,286,175 shares exchanging hands daily. The market capitalisation at the time of writing is £788,950,486.

Ibstock plc is a United Kingdom-based company, which is engaged in manufacturing of clay bricks and concrete products. The Company’s segments are the UK and the US. The Company’s principal products include clay bricks, brick components, concrete stone masonry substitutes, concrete fencing, pre-stressed concrete products and concrete rail products. Its range of products are manufactured, marketed and distributed by Ibstock Brick, which manufactures a range of clay bricks sold in the United Kingdom; Supreme Concrete, which manufactures concrete fencing products and concrete lintels with approximately seven manufacturing plants in the United Kingdom; Forticrete, which manufactures concrete substitutes for natural stone walling and dressings and concrete roof tiles, with approximately seven manufacturing plants in the United Kingdom, and Glen-Gery, which manufactures bricks in the North East and Mid-West regions of the United States.