Brokerages Set Forterra plc (LON:FORT) Target Price at GBX 236

Forterra plc (LON:FORT) has earned a consensus rating of “Moderate Buy” from the six analysts that are presently covering the company, Marketbeat reports. Two analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price target among brokerages that have covered the stock in the last year is GBX 236.

A number of analysts have recently issued reports on FORT shares. Jefferies Financial Group reduced their target price on Forterra from GBX 219 to GBX 216 and set a “buy” rating for the company in a report on Monday, February 9th. Peel Hunt reissued an “add” rating and issued a GBX 230 price objective on shares of Forterra in a research note on Tuesday, November 11th.

Forterra Stock Down 0.7%

FORT stock opened at GBX 192.02 on Friday. The company has a debt-to-equity ratio of 59.58, a current ratio of 1.79 and a quick ratio of 0.82. The firm has a market capitalization of £404.99 million, a P/E ratio of 25.95, a P/E/G ratio of 0.30 and a beta of 1.25. Forterra has a 52-week low of GBX 150 and a 52-week high of GBX 215. The company’s 50 day simple moving average is GBX 183.41 and its 200-day simple moving average is GBX 184.19.

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.