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Ibstock slashes dividends as profit tumblesIbstock has slashed its annual dividend payout as profit and revenue fell amid “subdued market conditions.” The London-listed brickmaker reported a near third drop in pre-tax profit to £21m ...
Investors in Ibstock plc (LON:IBST) had a good week, as its shares rose 3.4% to close at UK£1.69 following the release of its annual results. Statutory earnings per share fell badly short of ...
Ibstock, the London-listed brickmaker, has cut its annual dividend payout following a drop in profit and revenue due to "subdued market conditions." The company reported a nearly one-third decrease in ...
Ibstock has been paying dividends for a while, but the track record isn't stellar. If the company cuts once, it definitely isn't argument against the possibility of it cutting in the future.
Jefferies analyst Priyal Woolf maintained a Buy rating on Ibstock (IBST – Research Report) on March 7 and set a price target of p209.00. The company’s shares closed last Friday at p169.40.
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