Forterra plc (LON:FORT) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Forterra plc (LON:FORT) have been given a consensus recommendation of “Moderate Buy” by the six research firms that are presently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is GBX 234.67.

A number of analysts recently weighed in on the stock. Peel Hunt reissued an “add” rating and issued a GBX 230 price objective on shares of Forterra in a research report on Tuesday, November 11th. Royal Bank Of Canada reduced their price target on Forterra from GBX 250 to GBX 220 and set an “outperform” rating on the stock in a report on Wednesday, October 15th. Finally, Jefferies Financial Group dropped their price objective on Forterra from GBX 261 to GBX 208 and set a “buy” rating for the company in a report on Monday, October 20th.

Forterra Trading Down 0.4%

Shares of FORT opened at GBX 178.20 on Tuesday. The company’s fifty day simple moving average is GBX 180.55 and its 200-day simple moving average is GBX 185.55. The company has a market cap of £375.85 million, a P/E ratio of 24.08, a P/E/G ratio of 0.30 and a beta of 1.25. 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 has a twelve month low of GBX 150 and a twelve month high of GBX 215.

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.