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

Shares of Forterra plc (LON:FORT) have earned an average rating of “Moderate Buy” from the six brokerages that are covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is GBX 236.

Several research firms have recently commented on FORT. Peel Hunt reissued an “add” rating and issued a GBX 230 price objective on shares of Forterra in a research note on Tuesday, November 11th. Jefferies Financial Group decreased their price target on shares of Forterra from GBX 219 to GBX 216 and set a “buy” rating for the company in a research report on Monday, February 9th.

Forterra Stock Performance

Forterra stock opened at GBX 192.56 on Friday. The company has a quick ratio of 0.82, a current ratio of 1.79 and a debt-to-equity ratio of 59.58. The company’s 50-day moving average price is GBX 183.14 and its 200-day moving average price is GBX 184.40. The company has a market cap of £406.14 million, a PE ratio of 26.02, a price-to-earnings-growth ratio of 0.30 and a beta of 1.25. Forterra has a twelve month low of GBX 150 and a twelve month high of GBX 215.

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.