Forterra (FORT) Stock Rating Reaffirmed by Deutsche Bank
Forterra (LON:FORT)‘s stock had its “buy” rating restated by Deutsche Bank in a research note issued on Monday. They presently have a GBX 330 ($4.48) target price on the stock. Deutsche Bank’s price target would suggest a potential upside of 12.05% from the company’s previous close.
Several other brokerages have also commented on FORT. Peel Hunt increased their price objective on Forterra from GBX 330 ($4.48) to GBX 350 ($4.75) and gave the company a “buy” rating in a research report on Wednesday, December 6th. Numis Securities reiterated an “add” rating and set a GBX 335 ($4.54) price objective on shares of Forterra in a research report on Wednesday, November 22nd. Citigroup reiterated a “buy” rating on shares of Forterra in a research report on Tuesday, November 14th. Finally, Jefferies Group increased their price objective on Forterra from GBX 380 ($5.15) to GBX 390 ($5.29) and gave the company a “buy” rating in a research report on Tuesday, September 19th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of GBX 328.29 ($4.45).
Shares of Forterra (FORT) traded down GBX 0.50 ($0.01) during midday trading on Monday, reaching GBX 294.50 ($3.99). The company’s stock had a trading volume of 126,032 shares, compared to its average volume of 172,505. The company has a market cap of $590.30 and a price-to-earnings ratio of 1,338.64. Forterra has a fifty-two week low of GBX 170 ($2.31) and a fifty-two week high of GBX 307.75 ($4.17).
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Forterra Company Profile
Forterra plc is a producer of manufactured masonry products. The Company is also a manufacturer of building products for the United Kingdom construction industry. The Company’s segments include Bricks, Blocks and Bespoke Products. The Company’s product range consists of clay bricks, Thermalite blocks, aggregate blocks, Red Bank chimney, roofing and flue systems, precast concrete and flooring products, and Formpave permeable block paving.
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