Ibstock plc (LON:IBST – Get Rating) announced a dividend on Wednesday, March 9th, Upcoming.Co.Uk reports. Investors of record on Thursday, April 14th will be paid a dividend of GBX 5 ($0.07) per share on Friday, May 13th. This represents a dividend yield of 3.25%. The ex-dividend date of this dividend is Thursday, April 14th. This is an increase from Ibstock’s previous dividend of $2.50. The official announcement can be viewed at this link.
Shares of LON IBST opened at GBX 164.90 ($2.16) on Wednesday. The stock has a market cap of £675.48 million and a price-to-earnings ratio of 20.75. The company has a debt-to-equity ratio of 24.31, a quick ratio of 0.90 and a current ratio of 1.51. The business has a 50 day simple moving average of GBX 191.83 and a 200 day simple moving average of GBX 202.11. Ibstock has a 52 week low of GBX 149.63 ($1.96) and a 52 week high of GBX 246.80 ($3.23).
IBST has been the subject of a number of recent analyst reports. Berenberg Bank reaffirmed a “hold” rating and set a GBX 228 ($2.99) target price on shares of Ibstock in a research report on Monday, January 17th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Ibstock in a research report on Tuesday, February 8th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and set a GBX 230 ($3.01) price target on shares of Ibstock in a report on Wednesday, December 8th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of GBX 245.83 ($3.22).
Ibstock Company Profile
Ibstock plc manufactures and sells clay and concrete building products and solutions primarily in the United Kingdom. Its principal products include clay bricks, brick components, concrete roof tiles, concrete stone masonry substitutes, concrete fencing, pre-stressed concrete, and concrete rail products.