Forterra (LON:FORT) Receives Hold Rating from Berenberg Bank

Berenberg Bank reissued their hold rating on shares of Forterra (LON:FORT) in a research report released on Thursday morning, Marketbeat Ratings reports. The firm currently has a GBX 220 price objective on the stock.

Separately, Jefferies Financial Group lowered their price target on shares of Forterra from GBX 219 to GBX 216 and set a “buy” rating for the company in a report on Monday, February 9th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Forterra presently has a consensus rating of “Moderate Buy” and an average price target of GBX 236.

Forterra Stock Down 0.3%

FORT opened at GBX 159.60 on Thursday. The firm has a market cap of £336.62 million, a P/E ratio of 21.57, a PEG ratio of 0.30 and a beta of 0.67. The business’s fifty day simple moving average is GBX 177.59 and its 200 day simple moving average is GBX 180.77. Forterra has a 52 week low of GBX 152.20 and a 52 week high of GBX 215. 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 earnings results on Wednesday, March 11th. The company reported GBX 12.60 earnings per share for the quarter. Forterra had a net margin of 4.40% and a return on equity of 7.33%. As a group, equities research 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.