Forterra plc (LON:FORT) Receives GBX 234 Average PT from Analysts

Shares of Forterra plc (LON:FORT) have received an average recommendation of “Moderate Buy” from the six analysts that are presently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year price target among analysts that have covered the stock in the last year is GBX 234.

FORT has been the subject of a number of research analyst reports. Jefferies Financial Group lowered their price objective on shares of Forterra from GBX 219 to GBX 204 and set a “buy” rating for the company in a research report on Monday, April 20th. Berenberg Bank reiterated a “hold” rating and set a GBX 220 price objective on shares of Forterra in a research report on Thursday, March 26th.

Forterra Price Performance

FORT stock opened at GBX 150.40 on Thursday. The company has a 50 day simple moving average of GBX 161.76 and a 200 day simple moving average of GBX 175.28. The stock has a market cap of £313.15 million, a price-to-earnings ratio of 18.80, a P/E/G ratio of 0.30 and a beta of 0.77. Forterra has a 1 year low of GBX 148.80 and a 1 year high of GBX 215. The company has a debt-to-equity ratio of 34.75, a current ratio of 1.46 and a quick ratio of 0.82.

Forterra (LON:FORT) last released its quarterly earnings data on Wednesday, March 11th. The company reported GBX 12.60 earnings per share (EPS) for the quarter. Forterra had a net margin of 4.40% and a return on equity of 7.33%. Research analysts anticipate that Forterra will post 11.9888346 EPS for the current fiscal year.

Forterra Company Profile

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.