Forterra (LON:FORT) Given New GBX 300 Price Target at Deutsche Bank Aktiengesellschaft

Forterra (LON:FORTGet Rating) had its price objective lowered by analysts at Deutsche Bank Aktiengesellschaft from GBX 340 ($4.28) to GBX 300 ($3.78) in a research note issued to investors on Wednesday, reports. The brokerage presently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s price objective suggests a potential upside of 15.16% from the company’s current price.

Separately, Peel Hunt reiterated a “buy” rating and issued a GBX 350 ($4.40) price objective on shares of Forterra in a report on Tuesday.

FORT opened at GBX 260.50 ($3.28) on Wednesday. The company has a quick ratio of 0.87, a current ratio of 1.26 and a debt-to-equity ratio of 7.28. The company’s 50-day moving average price is GBX 239.03 and its 200 day moving average price is GBX 249.50. The firm has a market cap of £581.81 million and a price-to-earnings ratio of 13.20. Forterra has a fifty-two week low of GBX 197.40 ($2.48) and a fifty-two week high of GBX 330 ($4.15).

In other news, insider Stephen Harrison bought 1,726 shares of the stock in a transaction dated Tuesday, April 12th. The stock was bought at an average price of GBX 230 ($2.89) per share, for a total transaction of £3,969.80 ($4,995.34).

Forterra Company Profile (Get Rating)

Forterra plc manufactures and sells masonry products in the United Kingdom. It operates through three segments: Bricks, Blocks, and Bespoke Products. The company offers bricks; aircrete and aggregate blocks; and bespoke products comprising precast concrete flooring, concrete block paving, and chimney and roofing components, as well as other building products under the London Brick, Butterley Brick, Ecostock, Cradley, Thermalite, Conbloc, Bison Precast, Jetfloor, Red Bank, and Formpave brand names.

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