Broker Recommendations

Jefferies upgrades Ibstock, Forterra to 'buy'

By Michele Maatouk

Date: Wednesday 23 Oct 2024

(Sharecast News) - Jefferies upgraded both Ibstock and Forterra on Wednesday to 'buy' from 'hold' "given the current compelling demand-supply dynamic in the UK brick sector".
The bank said it now sees a clear path to return to prior peak EBITDA (i.e. 2022) by 2027, underpinned by a housebuilding-led recovery but...

Sign up for free or to read the full story

Email this article to a friend

or share it with one of these popular networks:


Article Archive

Top of Page