Forterra PLC (LON:FORT) Price Target Increased to GBX 380 by Analysts at Jefferies Group LLC
Forterra PLC (LON:FORT) had its price objective hoisted by Jefferies Group LLC from GBX 370 ($4.88) to GBX 380 ($5.01) in a report issued on Wednesday. Jefferies Group LLC currently has a buy rating on the stock.
Other equities research analysts have also issued research reports about the stock. Deutsche Bank AG reiterated a buy rating on shares of Forterra PLC in a research note on Monday, July 17th. Peel Hunt increased their price objective on shares of Forterra PLC from GBX 260 ($3.43) to GBX 330 ($4.35) and gave the company a buy rating in a research note on Monday, June 19th. Berenberg Bank started coverage on shares of Forterra PLC in a research note on Friday, May 12th. They issued a buy rating and a GBX 320 ($4.22) price objective for the company. Finally, BNP Paribas reiterated an outperform rating and issued a GBX 320 ($4.22) price objective on shares of Forterra PLC in a research note on Thursday, July 20th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock has a consensus rating of Buy and an average target price of GBX 291.25 ($3.84).
Forterra PLC (LON:FORT) traded down 3.63% during trading on Wednesday, reaching GBX 271.75. The company had a trading volume of 240,173 shares. Forterra PLC has a one year low of GBX 117.00 and a one year high of GBX 284.25. The company has a 50-day moving average price of GBX 261.75 and a 200 day moving average price of GBX 227.22. The company’s market capitalization is GBX 544.70 million.
Forterra PLC Company Profile
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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