Forterra (LON:FORT) Earns Add Rating from Peel Hunt
Peel Hunt reaffirmed their add rating on shares of Forterra (LON:FORT) in a research report released on Tuesday morning, ThisIsMoney.Co.Uk reports.
Other research analysts also recently issued reports about the company. Numis Securities restated a buy rating on shares of 3i Group in a research report on Thursday, May 16th. Jefferies Financial Group upgraded SALVATORE FERRA/ADR from an underperform rating to a hold rating in a research report on Tuesday, June 25th. Finally, Berenberg Bank restated a hold rating and set a GBX 300 ($3.92) price objective on shares of Forterra in a research report on Wednesday, May 29th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of Hold and an average price target of GBX 325 ($4.25).
Shares of Forterra stock opened at GBX 287 ($3.75) on Tuesday. The company has a debt-to-equity ratio of 48.29, a current ratio of 1.26 and a quick ratio of 0.78. Forterra has a 1 year low of GBX 207 ($2.70) and a 1 year high of GBX 319 ($4.17). The firm has a market cap of $573.43 million and a P/E ratio of 11.00. The stock’s 50 day moving average is GBX 293.19.
Forterra plc manufactures and sells masonry products in the United Kingdom. It operates through three segments: Bricks, Blocks, and Bespoke Products. The company offers bricks; aircrete and aggregate blocks; and bespoke products comprising precast concrete flooring, concrete block paving, and chimney and roofing components, as well as other building products under the London Brick, Butterley Brick, Ecostock, Cradley, Thermalite, Conbloc, Bison Precast, Jetfloor, Red Bank, and Formpave brand names.
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