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Ibstock plc (LON:IBST – Get Rating) insider Joe Hudson purchased 11,301 shares of the company’s stock in a transaction dated Friday, March 25th. The stock was purchased at an average cost of GBX 2 ($0.03) per share, with a total value of £226.02 ($296.07). LON:IBST opened at GBX 176.60 ($2.31) on Tuesday. The company has […]
Deutsche Bank Aktiengesellschaft reiterated their hold rating on shares of Ibstock (LON:IBST – Get Rating) in a report released on Thursday, MarketBeat reports. The firm currently has a GBX 232 ($3.04) price objective on the stock. Other equities analysts have also recently issued research reports about the company. Berenberg Bank reiterated a hold rating and […]
Ibstock plc (LON:IBST – Get Rating) announced a dividend on Wednesday, March 9th, Upcoming.Co.Uk reports. Shareholders 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 yield of 3.25%. The ex-dividend date is Thursday, April 14th. This is a positive change […]
Ibstock to treble brick capacity as housing demand soars The existing mothballed facility at Atlas will be replaced with a new state-of-the-art wire cut clay brick factory Ibstock PLC (LON:IBST) has dusted off and expanded its plan to reopen its Atlas site in the West Midlands due to the current demand for bricks. "As the residential housing market recovers, domestic demand for clay bricks will continue to exceed that available from domestic manufacturing capacity," it said in a statement. In view of that, the existing mothballed facility at Atlas will be replaced with a new state-of-the-art...
22 April 2021 | 08:54am StockMarketWire.com - Clay bricks and concrete products maker Ibstock said the new fiscal year had started well, with trading 'modestly' ahead of expectations. The company made a £60 million investment in its Atlas and Aldridge plants that will deliver 115 million brick capacity and a £12m EBITDA contribution per annum once fully operational. The investment would be self-funded from the group's cash flow. There was robust demand from both the new build housing and repairs, maintenance & improvement end markets, the company said. Sales volumes in the Clay division fo...