Royal Bank Of Canada Has Lowered Expectations for Forterra (LON:FORT) Stock Price

Forterra (LON:FORT) had its target price cut by stock analysts at Royal Bank Of Canada from GBX 250 to GBX 220 in a report issued on Wednesday, Marketbeat.com reports. The brokerage currently has an “outperform” rating on the stock. Royal Bank Of Canada’s target price would indicate a potential upside of 27.17% from the stock’s current price.

FORT has been the subject of a number of other research reports. Berenberg Bank restated a “hold” rating and set a GBX 220 target price on shares of Forterra in a research report on Monday, September 8th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 320 target price on shares of Forterra in a research report on Wednesday, July 30th. Citigroup boosted their target price on Forterra from GBX 176 to GBX 210 and gave the stock a “neutral” rating in a research report on Wednesday, July 30th. Peel Hunt restated an “add” rating and set a GBX 190 target price on shares of Forterra in a research report on Tuesday, July 29th. Finally, Jefferies Financial Group boosted their target price on Forterra from GBX 237 to GBX 261 and gave the stock a “buy” rating in a research report on Tuesday, August 5th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of GBX 236.83.

Forterra Trading Down 2.1%

Shares of FORT opened at GBX 173 on Wednesday. The stock has a fifty day moving average price of GBX 188.68 and a two-hundred day moving average price of GBX 188.64. The company has a debt-to-equity ratio of 59.58, a quick ratio of 0.82 and a current ratio of 1.79. Forterra has a 52-week low of GBX 150 and a 52-week high of GBX 215. The company has a market cap of £364.88 million, a price-to-earnings ratio of 2,337.84, a PEG ratio of 0.30 and a beta of 1.25.

Forterra (LON:FORT) last issued its quarterly earnings data on Tuesday, July 29th. The company reported GBX 5.80 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 EPS for the current fiscal 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.