Ibstock plc -4.3% potential downside indicated by Jefferies

Ibstock plc with ticker (LON:IBST) now has a potential downside of -4.3% according to Jefferies.

IBST.L

Jefferies set a target price of 150 GBX for the company, which when compared to the Ibstock plc share price of 157 GBX at opening today (01/07/2024) indicates a potential downside of -4.3%. Trading has ranged between 118 (52 week low) and 174 (52 week high) with an average of 900,804 shares exchanging hands daily. The market capitalisation at the time of writing is £615,084,301.

Ibstock plc is a United Kingdom-based company. The Company is a manufacturer and supplier of clay and concrete building products and solutions to the United Kingdom construction industry, specializing in products and systems for the residential building envelope and infrastructure markets. The Company’s segments include Clay and Concrete. Its product offering ranges from bricks and masonry, facade systems, roofing, flooring and lintels, staircase and lift shafts, fencing and landscaping, retaining walls and rail and infrastructure. Principal products across its two divisions, Ibstock Clay and Ibstock Concrete, include clay bricks, brick components, concrete roof tiles, concrete alternatives for stone masonry and pre-stressed concrete products. Its other products include roof accessories, chimneys, fence posts, copings and cappings, gravel boards, bollards, rail troughs, and platform copers, among others. Its brands include Anderton, Supreme, Ibstock Brick, Ibstock Kevington and others.