Forterra plc (LON:FORT) Receives GBX 236 Consensus Price Target from Analysts

Shares of Forterra plc (LON:FORT) have earned a consensus rating of “Moderate Buy” from the six ratings firms that are covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is GBX 236.

Separately, Jefferies Financial Group lowered their target price on shares of Forterra from GBX 219 to GBX 216 and set a “buy” rating on the stock in a report on Monday, February 9th.

Forterra Stock Up 0.3%

FORT stock opened at GBX 160.40 on Wednesday. The company has a market cap of £338.31 million, a price-to-earnings ratio of 21.68, a P/E/G ratio of 0.30 and a beta of 0.67. Forterra has a twelve month low of GBX 152.20 and a twelve month high of GBX 215. The business has a 50 day moving average price of GBX 179.14 and a two-hundred day moving average price of GBX 181.52. The company has a quick ratio of 0.82, a current ratio of 1.46 and a debt-to-equity ratio of 34.75.

Forterra (LON:FORT) last announced its quarterly earnings data on Wednesday, March 11th. The company reported GBX 12.60 earnings per share (EPS) for the quarter. Forterra had a return on equity of 7.33% and a net margin of 4.40%. Analysts anticipate 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.