Forterra (LON:FORT) Given New GBX 208 Price Target at Jefferies Financial Group

Forterra (LON:FORT) had its price objective decreased by Jefferies Financial Group from GBX 261 to GBX 208 in a report issued on Monday morning, Marketbeat.com reports. Jefferies Financial Group currently has a buy rating on the stock.

A number of other equities research analysts have also weighed in on FORT. Berenberg Bank reissued a “hold” rating and issued a GBX 220 target price on shares of Forterra in a research note on Monday, September 8th. Citigroup boosted 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. Peel Hunt reissued an “add” rating and issued a GBX 190 target price on shares of Forterra in a research note on Tuesday, July 29th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 320 price target on shares of Forterra in a report on Wednesday, July 30th. Finally, Royal Bank Of Canada reduced their price target on Forterra from GBX 250 to GBX 220 and set an “outperform” rating on the stock in a report on Wednesday, October 15th. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of GBX 228.

Forterra Trading Down 1.8%

LON FORT opened at GBX 167 on Monday. Forterra has a 1-year low of GBX 150 and a 1-year high of GBX 215. 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 stock has a 50-day moving average of GBX 187.51 and a 200-day moving average of GBX 188.58. The firm has a market cap of £352.23 million, a PE ratio of 22.57, a price-to-earnings-growth ratio of 0.30 and a beta of 1.25.

Forterra (LON:FORT) last released its 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, sell-side analysts forecast 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.