Forterra (LON:FORT) Price Target Lowered to GBX 250 at Deutsche Bank Aktiengesellschaft

Forterra (LON:FORT) had its target price reduced by equities researchers at Deutsche Bank Aktiengesellschaft from GBX 320 to GBX 250 in a research note issued on Wednesday,London Stock Exchange reports. The brokerage currently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s price target would indicate a potential upside of 83.14% from the stock’s previous close.

Several other research firms have also weighed in on FORT. Jefferies Financial Group restated a “buy” rating and set a GBX 204 price target on shares of Forterra in a report on Wednesday. Royal Bank Of Canada dropped their price objective on shares of Forterra from GBX 220 to GBX 195 and set an “outperform” rating for the company in a research note on Wednesday. Finally, Berenberg Bank cut their price objective on shares of Forterra from GBX 220 to GBX 170 and set a “hold” rating on the stock in a research report on Wednesday. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of GBX 209.83.

Forterra Trading Down 2.4%

FORT opened at GBX 136.51 on Wednesday. The stock has a 50-day moving average of GBX 159.61 and a 200 day moving average of GBX 174.27. 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 has a 12 month low of GBX 132.80 and a 12 month high of GBX 215. The firm has a market cap of £284.23 million, a P/E ratio of 17.06, a P/E/G ratio of 0.30 and a beta of 0.75.

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