Brokerages Set Forterra plc (LON:FORT) Price Target at GBX 234

Shares of Forterra plc (LON:FORT) have been given a consensus recommendation of “Moderate Buy” by the six research firms that are presently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is GBX 234.

A number of brokerages have issued reports on FORT. Jefferies Financial Group cut their price objective on shares of Forterra from GBX 219 to GBX 204 and set a “buy” rating for the company in a report on Monday, April 20th. Berenberg Bank reissued a “hold” rating and issued a GBX 220 target price on shares of Forterra in a report on Thursday, March 26th.

Forterra Price Performance

Shares of Forterra stock opened at GBX 151 on Thursday. The company has a quick ratio of 0.82, a current ratio of 1.46 and a debt-to-equity ratio of 34.75. Forterra has a 52 week low of GBX 150.80 and a 52 week high of GBX 215. The stock’s 50-day simple moving average is GBX 163.37 and its 200-day simple moving average is GBX 175.72. The company has a market capitalization of £314.40 million, a price-to-earnings ratio of 18.88, a PEG ratio of 0.30 and a beta of 0.77.

Forterra (LON:FORT) last issued its earnings results on Wednesday, March 11th. The company reported GBX 12.60 earnings per share (EPS) for the quarter. Forterra had a return on equity of 7.33% and a net margin of 4.40%. As a group, analysts expect that Forterra will post 11.9888346 earnings per share for the current fiscal year.

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.