Forterra (LON:FORT) Given New GBX 216 Price Target at Jefferies Financial Group

Forterra (LON:FORT) had its price objective cut by analysts at Jefferies Financial Group from GBX 219 to GBX 216 in a research report issued to clients and investors on Monday,London Stock Exchange reports. The brokerage currently has a “buy” rating on the stock. Jefferies Financial Group’s price objective would suggest a potential upside of 18.94% from the stock’s current price.

A number of other analysts have also issued reports on the company. Royal Bank Of Canada lowered their target price on Forterra from GBX 250 to GBX 220 and set an “outperform” rating on the stock in a report on Wednesday, October 15th. Peel Hunt restated an “add” rating and issued a GBX 230 price objective on shares of Forterra in a research note on Tuesday, November 11th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of GBX 236.

Forterra Trading Up 0.8%

Shares of LON:FORT opened at GBX 181.60 on Monday. The company has a market cap of £383.02 million, a P/E ratio of 24.54, a P/E/G ratio of 0.30 and a beta of 1.25. The stock’s 50-day moving average is GBX 180.93 and its 200-day moving average is GBX 184.62. Forterra has a 52-week low of GBX 150 and a 52-week high of GBX 215. The company has a debt-to-equity ratio of 59.58, a quick ratio of 0.82 and a current ratio of 1.79.

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.