Ibstock guides 2026 EBITDA to mid-£40m range, below consensus
Ibstock guided to full-year 2026 EBITDA in the mid-£40m range, around 20–25% below consensus. Berenberg maintained its hold rating and cut its target price, lowering 2026–28 underlying earnings forecasts by an average of 15%.
The German bank maintained its 'hold' rating on the stock, but lowered its underlying earnings forecasts for 2026-28 by an average of 15% after Ibstock guided to full-year 2026 EBITDA in the mid-£40m range - around 20-25% below consensus estimates.Berenberg said trading conditions remained challeng…