Royal Bank Of Canada Has Lowered Expectations for Forterra (LON:FORT) Stock Price

Forterra (LON:FORT) had its target price decreased by Royal Bank Of Canada from GBX 220 to GBX 195 in a research note issued to investors on Wednesday,Digital Look reports. The firm currently has an “outperform” rating on the stock. Royal Bank Of Canada’s price objective would indicate a potential upside of 42.96% from the company’s current price.

A number of other equities research analysts have also commented on the company. Berenberg Bank reduced their price target on Forterra from GBX 220 to GBX 170 and set a “hold” rating on the stock in a research report on Wednesday. Jefferies Financial Group reduced their price target on Forterra from GBX 219 to GBX 204 and set a “buy” rating on the stock in a research report on Monday, April 20th. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of GBX 221.50.

Forterra Trading Down 2.4%

LON FORT opened at GBX 136.40 on Wednesday. The business’s 50-day moving average price is GBX 159.61 and its two-hundred day moving average price is GBX 174.27. Forterra has a 12 month low of GBX 132.80 and a 12 month high of GBX 215. The firm has a market capitalization of £284.00 million, a PE ratio of 17.05, a price-to-earnings-growth ratio of 0.30 and a beta of 0.75. The company has a current ratio of 1.46, a quick ratio of 0.82 and a debt-to-equity ratio of 34.75.

Forterra (LON:FORT) last released its quarterly earnings results on Wednesday, March 11th. The company reported GBX 12.60 EPS for the quarter. Forterra had a return on equity of 7.33% and a net margin of 4.40%. On average, analysts expect 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.