Forterra plc (LON:FORT) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Forterra plc (LON:FORT) has earned a consensus rating of “Moderate Buy” from the six research firms that are currently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is GBX 209.83.

A number of research firms have weighed in on FORT. Royal Bank Of Canada cut their price objective on shares of Forterra from GBX 220 to GBX 195 and set an “outperform” rating on the stock in a report on Wednesday, May 20th. Deutsche Bank Aktiengesellschaft cut their target price on shares of Forterra from GBX 320 to GBX 250 and set a “buy” rating on the stock in a report on Wednesday, May 20th. Berenberg Bank dropped their price objective on shares of Forterra from GBX 220 to GBX 170 and set a “hold” rating on the stock in a research note on Wednesday, May 20th. Finally, Jefferies Financial Group restated a “buy” rating and set a GBX 204 target price on shares of Forterra in a research report on Wednesday, May 20th.

Forterra Price Performance

Shares of Forterra stock opened at GBX 141.60 on Monday. Forterra has a 52-week low of GBX 132.80 and a 52-week high of GBX 215. The company has a 50 day moving average of GBX 155.63 and a 200 day moving average of GBX 171.88. The company has a quick ratio of 0.82, a current ratio of 1.46 and a debt-to-equity ratio of 34.75. The company has a market capitalization of £294.83 million, a P/E ratio of 17.70, a P/E/G ratio of 0.30 and a beta of 0.75.

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