Forterra (LON:FORT) Price Target Lowered to GBX 216 at Jefferies Financial Group

Forterra (LON:FORT) had its target price lowered by Jefferies Financial Group from GBX 219 to GBX 216 in a research note released on Monday morning, Marketbeat Ratings reports. The brokerage currently has a buy rating on the stock.

Other analysts have also recently issued reports about the company. Royal Bank Of Canada lowered their price target on Forterra from GBX 250 to GBX 220 and set an “outperform” rating on the stock in a research report on Wednesday, October 15th. Peel Hunt restated an “add” rating and issued a GBX 230 target price on shares of Forterra in a research note on Tuesday, November 11th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of GBX 236.

Forterra Stock Up 0.8%

LON FORT opened at GBX 181.60 on Monday. Forterra has a 1-year low of GBX 150 and a 1-year high of GBX 215. The company has a market capitalization of £383.02 million, a price-to-earnings ratio of 24.54, a PEG ratio of 0.30 and a beta of 1.25. The stock’s 50 day moving average is GBX 180.92 and its two-hundred day moving average is GBX 184.55. 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 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.