Royal Bank of Canada Issues Positive Forecast for Forterra (LON:FORT) Stock Price

Forterra (LON:FORT) had its price target upped by Royal Bank of Canada from GBX 210 ($2.72) to GBX 220 ($2.85) in a research note published on Thursday morning,Digital Look reports. They currently have an outperform rating on the stock.

Separately, Deutsche Bank Aktiengesellschaft upped their price target on Forterra from GBX 260 ($3.36) to GBX 320 ($4.14) and gave the company a “buy” rating in a research note on Thursday, February 20th.

Forterra Price Performance

Forterra stock opened at GBX 160 ($2.07) on Thursday. The company has a debt-to-equity ratio of 59.58, a quick ratio of 0.82 and a current ratio of 1.79. The firm has a market cap of £328.61 million, a P/E ratio of 41.71, a P/E/G ratio of 0.30 and a beta of 1.25. The business’s fifty day moving average is GBX 158.78 and its two-hundred day moving average is GBX 170.72. Forterra has a 52 week low of GBX 146.40 ($1.89) and a 52 week high of GBX 200.50 ($2.59).

Forterra (LON:FORT) last posted its quarterly earnings data on Wednesday, March 12th. The company reported GBX 7.60 ($0.10) EPS for the quarter. Forterra had a return on equity of 3.76% and a net margin of 2.46%. Equities research analysts forecast that Forterra will post 11.9888346 earnings per share 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.