Forterra (LON:FORT) Given New GBX 204 Price Target at Jefferies Financial Group

Forterra (LON:FORT) had its target price lowered by Jefferies Financial Group from GBX 219 to GBX 204 in a report published on Monday, Marketbeat reports. The firm currently has a buy rating on the stock.

Separately, Berenberg Bank restated a “hold” rating and issued a GBX 220 price target on shares of Forterra in a report on Thursday, March 26th. 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 MarketBeat.com, Forterra presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 234.

Forterra Trading Down 2.5%

LON:FORT opened at GBX 163.51 on Monday. The business’s 50-day moving average is GBX 171.87 and its two-hundred day moving average is GBX 177.43. The firm has a market capitalization of £343.16 million, a PE ratio of 20.44, a price-to-earnings-growth ratio of 0.30 and a beta of 0.77. Forterra has a 12 month low of GBX 150.80 and a 12 month high of GBX 215. The company has a debt-to-equity ratio of 34.75, a current ratio of 1.46 and a quick ratio of 0.82.

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