Forterra (LON:FORT) Stock Price Expected to Rise, Berenberg Bank Analyst Says

Forterra (LON:FORT) had its target price lifted by research analysts at Berenberg Bank from GBX 170 to GBX 220 in a research note issued to investors on Tuesday, Marketbeat.com reports. The firm currently has a “hold” rating on the stock. Berenberg Bank’s price target would suggest a potential upside of 13.52% from the company’s previous close.

Several other analysts also recently commented on FORT. Royal Bank Of Canada upped their price objective on shares of Forterra from GBX 220 to GBX 250 and gave the company an “outperform” rating in a report on Wednesday, July 30th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 320 price objective on shares of Forterra in a report on Wednesday, July 30th. Peel Hunt reaffirmed an “add” rating and issued a GBX 190 price objective on shares of Forterra in a report on Tuesday, July 29th. Citigroup upped their price objective on shares of Forterra from GBX 176 to GBX 210 and gave the company a “neutral” rating in a report on Wednesday, July 30th. Finally, Jefferies Financial Group increased their price target on shares of Forterra from GBX 237 to GBX 261 and gave the stock a “buy” rating in a report on Tuesday, August 5th. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, Forterra has a consensus rating of “Moderate Buy” and an average target price of GBX 241.83.

Forterra Trading Up 0.5%

Shares of Forterra stock opened at GBX 193.80 on Tuesday. The company has a current ratio of 1.79, a quick ratio of 0.82 and a debt-to-equity ratio of 59.58. Forterra has a 12-month low of GBX 150 and a 12-month high of GBX 215. The firm has a market capitalization of £398.03 million, a price-to-earnings ratio of 50.52, a PEG ratio of 0.30 and a beta of 1.25. The firm’s 50 day simple moving average is GBX 194.82 and its two-hundred day simple moving average is GBX 180.92.

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

Forterra Company Profile

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.