Forterra plc (LON:FORT) Receives GBX 241.83 Average Price Target from Brokerages

Shares of Forterra plc (LON:FORT) have received an average rating of “Moderate Buy” from the six ratings firms that are presently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is GBX 241.83.

Several research firms have commented on FORT. Berenberg Bank restated a “hold” rating and issued a GBX 220 price target on shares of Forterra in a report on Monday, September 8th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 320 price target on shares of Forterra in a report on Wednesday, July 30th. Royal Bank Of Canada upped their price target on Forterra from GBX 220 to GBX 250 and gave the stock an “outperform” rating in a report on Wednesday, July 30th. Citigroup increased their target price on Forterra from GBX 176 to GBX 210 and gave the company a “neutral” rating in a research note on Wednesday, July 30th. Finally, Jefferies Financial Group increased their target price on Forterra from GBX 237 to GBX 261 and gave the company a “buy” rating in a research note on Tuesday, August 5th.

Forterra Price Performance

FORT stock opened at GBX 183.60 on Wednesday. The company has a current ratio of 1.79, a quick ratio of 0.82 and a debt-to-equity ratio of 59.58. The business has a 50 day simple moving average of GBX 192.70 and a 200-day simple moving average of GBX 186.61. Forterra has a twelve month low of GBX 150 and a twelve month high of GBX 215. The company has a market capitalization of £387.24 million, a P/E ratio of 2,481.08, a PEG ratio of 0.30 and a beta of 1.25.

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