You are here

Prices & Quotes - UK Markets - Ibstock (IBST)

Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Share Price:
Down 227.20p
Change Today:
-6.80p
Market Cap:
930.52m
Sector:
Construction & Materials

Ibstock sees 50m FY profit as demand improves

By Frank Prenesti

Date: Wednesday 28 Oct 2020

LONDON (ShareCast) - (Sharecast News) - Brick maker Ibstock forecast annual core earnings of 50m after reporting better-than-expected third quarter trade as demand continued to improve after the Covid-19 lockdown.
The company said revenue in the three months to September 30 was at 88% of 2019 levels. Clay and concrete volumes had recovered to around 90% of prior-year levels in September and remained at these levels during the month of October.

"The group exited the third quarter with good momentum and current trading performance is ahead of our previous internal base case for the full year," the company said in a trading update on Wednesday.

"Activity levels in our repair, maintenance and improvement markets and merchant channels remained robust and we benefitted from improving volumes to our housebuilding customers as activity in the new build housing segment increased."

Ibstock said it expected a reduction in net debt by the end of the year, compared to the 103m reported at the half year, ensuring significant headroom under its 215m revolving credit facility, which expires in March 2022, and against the company's renegotiated covenants.

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

Ibstock Market Data

Currency UK Pounds
Price 227.20p
Change Today -6.80p
52 Week High 242.40p
52 Week Low 143.10p
Volume 446,064
Shares Issued 409.56m
Market Cap 930.52m

Performance Indicators

Compare performance with the sector and the market.

Key
Vs Market
Vs Sector
Value
market
  1. full market star
  2. full market star
  3. full market star
  4. half market star
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. empty sector
  4. empty sector
  5. empty sector
Price Trend
market
  1. full market star
  2. full market star
  3. empty market
  4. empty market
  5. empty market
sector
  1. full sector star
  2. empty sector
  3. empty sector
  4. empty sector
  5. empty sector
Income
market
  1. full market star
  2. full market star
  3. half market star
  4. empty market
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. empty sector
  4. empty sector
  5. empty sector
Growth
market
  1. empty market
  2. empty market
  3. empty market
  4. empty market
  5. empty market
sector
  1. half sector star
  2. empty sector
  3. empty sector
  4. empty sector
  5. empty sector
Price Chg 6m
market
  1. full market star
  2. full market star
  3. half market star
  4. empty market
  5. empty market
sector
  1. full sector star
  2. half sector star
  3. empty sector
  4. empty sector
  5. empty sector
P/E
market
  1. full market star
  2. empty market
  3. empty market
  4. empty market
  5. empty market
sector
  1. half sector star
  2. empty sector
  3. empty sector
  4. empty sector
  5. empty sector
PEG
market
  1. full market star
  2. full market star
  3. full market star
  4. half market star
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. empty sector
  5. empty sector
Dividend Yield
market
  1. half market star
  2. empty market
  3. empty market
  4. empty market
  5. empty market
sector
  1. full sector star
  2. empty sector
  3. empty sector
  4. empty sector
  5. empty sector
EPS Growth
market
  1. empty market
  2. empty market
  3. empty market
  4. empty market
  5. empty market
sector
  1. empty sector
  2. empty sector
  3. empty sector
  4. empty sector
  5. empty sector
Operating Margin
market
  1. full market star
  2. half market star
  3. empty market
  4. empty market
  5. empty market
sector
  1. half sector star
  2. empty sector
  3. empty sector
  4. empty sector
  5. empty sector

What The Brokers Say

Strong Buy 4
Buy 0
Neutral 7
Sell 0
Strong Sell 0
Total 11
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Ibstock Dividends

  Latest Previous
  Final Special
Ex-Div 15-Apr-21 15-Aug-19
Paid 14-May-21 20-Sep-19
Amount 1.60p 5.00p

Trades for 15-Jun-2021

Time Volume / Share Price
11:03 300 @ 227.41p
11:02 1 @ 227.20p
11:02 92 @ 227.20p
11:02 245 @ 227.00p
11:02 1,152 @ 227.00p

Ibstock Key Personnel

Chair Jonathan C Nicholls
CEO Joe Hudson
CFO Chris McLeish