Forterra PLC (FORT) Receives Buy Rating from Deutsche Bank AG
Several other equities research analysts have also recently commented on FORT. Jefferies Group LLC boosted their target price on Forterra PLC from GBX 370 ($4.87) to GBX 380 ($5.00) and gave the company a buy rating in a research note on Wednesday, August 2nd. Berenberg Bank boosted their target price on Forterra PLC from GBX 320 ($4.21) to GBX 340 ($4.47) and gave the company a buy rating in a research note on Tuesday, August 8th. Peel Hunt restated a buy rating and issued a GBX 330 ($4.34) target price on shares of Forterra PLC in a research note on Tuesday, August 1st. Finally, BNP Paribas restated an outperform rating and issued a GBX 320 ($4.21) target price on shares of Forterra PLC in a research note on Thursday, July 20th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. The stock currently has an average rating of Buy and an average price target of GBX 309.29 ($4.07).
Forterra PLC (FORT) traded up GBX 3.10 ($0.04) during midday trading on Monday, reaching GBX 298.60 ($3.93). The company’s stock had a trading volume of 138,464 shares, compared to its average volume of 208,604. Forterra PLC has a 12-month low of GBX 169 ($2.22) and a 12-month high of GBX 307.75 ($4.05).
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Forterra PLC 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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