Ibstock plc 9.5% potential upside indicated by Berenberg Bank

Ibstock plc with ticker (LON:IBST) now has a potential upside of 9.5% according to Berenberg Bank.



Berenberg Bank set a target price of 180 GBX for the company, which when compared to the Ibstock plc share price of 164 GBX at opening today (23/05/2023) indicates a potential upside of 9.5%. Trading has ranged between 145 (52 week low) and 210 (52 week high) with an average of 792,634 shares exchanging hands daily. The market capitalisation at the time of writing is £661,071,315.

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, specialising 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 walling, roofing, rail and infrastructure to garden and landscaping, flooring and groundwork, bespoke services, and various others. Principal products across its two divisions, Ibstock Clay and Ibstock Concrete, include clay bricks, brick components, concrete roof tiles, concrete alternatives for stone masonry, concrete fencing, and pre-stressed concrete products. Its other products include roof accessories, chimneys, fence posts, copings and cappings, gravel boards, bollards, balustrades, rail troughs, and platform copers, among others. Its brands include Anderton, Supreme, Ibstock Brick, Ibstock Kevington and others.