Forterra plc (LON:FORT) Receives Consensus Rating of “Moderate Buy” from Analysts

Forterra plc (LON:FORT) has been assigned an average rating of “Moderate Buy” from the six ratings firms that are covering the company, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is GBX 236.83.

A number of analysts have issued reports on FORT shares. Citigroup raised their target price on Forterra from GBX 176 to GBX 210 and gave the stock a “neutral” rating in a research note on Wednesday, July 30th. Royal Bank Of Canada dropped their target price on Forterra from GBX 250 to GBX 220 and set an “outperform” rating for the company in a research report on Wednesday. Berenberg Bank reaffirmed a “hold” rating and issued a GBX 220 target price on shares of Forterra in a research report on Monday, September 8th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 320 price objective on shares of Forterra in a research report on Wednesday, July 30th. Finally, Jefferies Financial Group boosted their price objective on Forterra from GBX 237 to GBX 261 and gave the stock a “buy” rating in a research report on Tuesday, August 5th.

Forterra Stock Down 1.7%

Shares of FORT opened at GBX 170 on Friday. Forterra has a 52-week low of GBX 150 and a 52-week high of GBX 215. The company has a market capitalization of £358.55 million, a PE ratio of 2,297.30, a price-to-earnings-growth ratio of 0.30 and a beta of 1.25. The stock has a fifty day simple moving average of GBX 188.10 and a two-hundred day simple moving average of GBX 188.51. The company has a quick ratio of 0.82, a current ratio of 1.79 and a debt-to-equity ratio of 59.58.

Forterra (LON:FORT) last issued its earnings results on Tuesday, July 29th. The company reported GBX 5.80 earnings per share (EPS) for the quarter. Forterra had a return on equity of 3.76% and a net margin of 2.46%. As a group, equities analysts forecast that Forterra will post 11.9888346 EPS for the current year.

About Forterra

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.