Forterra plc (LON:FORT) Receives Average Rating of “Moderate Buy” from Analysts

Forterra plc (LON:FORT) has been assigned an average recommendation of “Moderate Buy” from the six brokerages that are covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is GBX 236.

FORT has been the topic of several analyst reports. Jefferies Financial Group dropped their price target on shares of Forterra from GBX 219 to GBX 216 and set a “buy” rating on the stock in a research note on Monday, February 9th. Berenberg Bank restated a “hold” rating and issued a GBX 220 price target on shares of Forterra in a research note on Thursday, March 26th.

Forterra Price Performance

Shares of LON:FORT opened at GBX 166.54 on Friday. The firm’s 50 day moving average is GBX 173.88 and its two-hundred day moving average is GBX 178.31. Forterra has a 52 week low of GBX 150.80 and a 52 week high of GBX 215. The firm has a market capitalization of £349.51 million, a P/E ratio of 20.82, a PEG ratio of 0.30 and a beta of 0.77. The company has a current ratio of 1.46, a quick ratio of 0.82 and a debt-to-equity ratio of 34.75.

Forterra (LON:FORT) last announced its quarterly earnings results on Wednesday, March 11th. The company reported GBX 12.60 EPS for the quarter. Forterra had a net margin of 4.40% and a return on equity of 7.33%. Analysts anticipate that Forterra will post 11.9888346 earnings per share 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.