Numis Securities Reiterates Add Rating for Forterra (FORT)
Forterra (LON:FORT)‘s stock had its “add” rating reiterated by equities research analysts at Numis Securities in a report issued on Wednesday. They presently have a GBX 335 ($4.63) target price on the stock. Numis Securities’ price objective points to a potential upside of 13.18% from the company’s previous close.
Several other equities analysts have also issued reports on FORT. Citigroup restated a “buy” rating on shares of Forterra in a report on Tuesday, November 14th. Peel Hunt restated a “buy” rating and issued a GBX 330 ($4.56) target price on shares of Forterra in a report on Wednesday, November 22nd. Finally, Deutsche Bank restated a “buy” rating on shares of Forterra in a report on Monday, November 27th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of GBX 328.29 ($4.54).
Forterra (FORT) opened at GBX 296 ($4.09) on Wednesday. The stock has a market cap of $593.31 and a price-to-earnings ratio of 1,345.45. Forterra has a fifty-two week low of GBX 193.50 ($2.67) and a fifty-two week high of GBX 307.75 ($4.25).
Forterra 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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