Forterra PLC (LON:FORT) Receives GBX 287.50 Consensus Target Price from Brokerages
Shares of Forterra PLC (LON:FORT) have been given a consensus rating of “Buy” by the nine ratings firms that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12-month price objective among brokers that have covered the stock in the last year is GBX 286.14 ($3.77).
Several research firms have recently issued reports on FORT. Jefferies Group LLC reiterated a “buy” rating and issued a GBX 370 ($4.88) price objective on shares of Forterra PLC in a report on Monday, June 26th. Berenberg Bank began coverage on shares of Forterra PLC in a report on Friday, May 12th. They issued a “buy” rating and a GBX 320 ($4.22) price objective for the company. Deutsche Bank AG reiterated a “buy” rating on shares of Forterra PLC in a report on Monday, July 17th. BNP Paribas reiterated an “outperform” rating and issued a GBX 320 ($4.22) price objective on shares of Forterra PLC in a report on Thursday, July 20th. Finally, Peel Hunt restated a “buy” rating and set a GBX 330 ($4.35) target price on shares of Forterra PLC in a report on Tuesday, August 1st.
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Forterra PLC (FORT) opened at 274.75 on Friday. The company’s 50-day moving average price is GBX 261.75 and its 200 day moving average price is GBX 227.22. The firm’s market capitalization is GBX 549.50 million. Forterra PLC has a 12 month low of GBX 140.00 and a 12 month high of GBX 275.50.
About Forterra PLC
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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