Forterra’s (FORT) “Add” Rating Reaffirmed at Numis Securities
Numis Securities reissued their add rating on shares of Forterra (LON:FORT) in a research note published on Tuesday morning. Numis Securities currently has a GBX 335 ($4.70) price objective on the stock.
Several other equities analysts have also recently issued reports on the company. Peel Hunt lifted their price objective on Forterra from GBX 330 ($4.63) to GBX 350 ($4.91) and gave the company a buy rating in a research note on Wednesday, December 6th. Deutsche Bank reiterated a buy rating on shares of Forterra in a research note on Monday, November 6th. Finally, Citigroup reiterated a buy rating on shares of Forterra in a research note on Tuesday, November 14th. 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 company currently has a consensus rating of Buy and a consensus price target of GBX 328.29 ($4.60).
Forterra (LON FORT) opened at GBX 276 ($3.87) on Tuesday. The stock has a market capitalization of $548.21 and a PE ratio of 1,254.55. Forterra has a 52 week low of GBX 190.75 ($2.67) and a 52 week high of GBX 307.75 ($4.32).
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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