Analysts Set Forterra plc (LON:FORT) PT at GBX 209.83

Forterra plc (LON:FORT) has been given an average recommendation of “Moderate Buy” by the six brokerages that are currently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is GBX 209.83.

Several equities research analysts recently issued reports on the company. Royal Bank Of Canada dropped their price objective on Forterra from GBX 220 to GBX 195 and set an “outperform” rating for the company in a research note on Wednesday, May 20th. Jefferies Financial Group reissued a “buy” rating and set a GBX 204 price objective on shares of Forterra in a research note on Wednesday, May 20th. Deutsche Bank Aktiengesellschaft dropped their price objective on Forterra from GBX 320 to GBX 250 and set a “buy” rating for the company in a research note on Wednesday, May 20th. Finally, Berenberg Bank dropped their price objective on Forterra from GBX 220 to GBX 170 and set a “hold” rating for the company in a research note on Wednesday, May 20th.

Forterra Price Performance

Forterra stock opened at GBX 135 on Monday. Forterra has a one year low of GBX 132.80 and a one year high of GBX 215. The business has a fifty day moving average price of GBX 153.24 and a 200-day moving average price of GBX 170.33. The company has a debt-to-equity ratio of 34.75, a current ratio of 1.46 and a quick ratio of 0.82. The firm has a market capitalization of £281.09 million, a P/E ratio of 16.88, a PEG ratio of 0.30 and a beta of 0.75.

Forterra (LON:FORT) last posted 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, equities research analysts forecast that Forterra will post 11.9888346 EPS for the current year.

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.