Royal Bank Of Canada Forecasts Strong Price Appreciation for Forterra (LON:FORT) Stock

Forterra (LON:FORT) had its target price upped by research analysts at Royal Bank Of Canada from GBX 220 ($2.91) to GBX 250 ($3.30) in a research report issued on Wednesday, Marketbeat Ratings reports. The firm presently has an “outperform” rating on the stock. Royal Bank Of Canada’s price objective points to a potential upside of 24.07% from the stock’s current price.

Separately, Peel Hunt reissued an “add” rating and issued a GBX 190 ($2.51) target price on shares of Forterra in a research note on Tuesday. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Forterra presently has a consensus rating of “Moderate Buy” and an average price target of GBX 228 ($3.01).

Forterra Stock Down 0.2%

Shares of FORT stock opened at GBX 201.50 ($2.66) on Wednesday. Forterra has a one year low of GBX 150 ($1.98) and a one year high of GBX 215 ($2.84). The company has a debt-to-equity ratio of 59.58, a current ratio of 1.79 and a quick ratio of 0.82. The stock has a fifty day moving average price of GBX 194.71 and a 200 day moving average price of GBX 177.42. The stock has a market cap of £413.84 million, a P/E ratio of 52.53, a price-to-earnings-growth ratio of 0.30 and a beta of 1.25.

Forterra (LON:FORT) last issued its earnings results on Tuesday, July 29th. The company reported GBX 5.80 ($0.08) earnings per share (EPS) for the quarter. Forterra had a return on equity of 3.76% and a net margin of 2.46%. Analysts predict that Forterra will post 11.9888346 earnings per share for the current year.

About Forterra

Forterra is a leading UK manufacturer of essential clay and concrete building products, with a unique combination of strong market positions in clay bricks, concrete blocks and precast concrete flooring. Our heritage dates back many decades and the durability, longevity and inherent sustainability of our products is evident in the construction of buildings that last for generations; wherever you are in Britain, you won’t be far from a building with a Forterra product within its fabric.

Our clay brick business combines our extensive secure mineral reserves with modern and efficient high-volume manufacturing processes to produce large quantities of extruded and soft mud bricks, primarily for the new build housing market.