Ibstock plc 5.8% potential upside indicated by RBC Capital Markets

Ibstock plc with ticker (LON:IBST) now has a potential upside of 5.8% according to RBC Capital Markets.

IBST.L

RBC Capital Markets set a target price of 200 GBX for the company, which when compared to the Ibstock plc share price of 189 GBX at opening today (16/07/2024) indicates a potential upside of 5.8%. Trading has ranged between 118 (52 week low) and 195 (52 week high) with an average of 946,874 shares exchanging hands daily. The market capitalisation at the time of writing is £759,533,541.

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.