Deutsche Bank Aktiengesellschaft Lowers Forterra (LON:FORT) Price Target to GBX 250

Forterra (LON:FORT) had its price target lowered by research analysts at Deutsche Bank Aktiengesellschaft from GBX 320 to GBX 250 in a research note issued on Wednesday,London Stock Exchange reports. The firm currently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s price objective would suggest a potential upside of 83.14% from the company’s current price.

Other analysts have also issued research reports about the company. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 204 price target on shares of Forterra in a report on Wednesday. Berenberg Bank reduced their price objective on Forterra from GBX 220 to GBX 170 and set a “hold” rating on the stock in a report on Wednesday. Finally, Royal Bank Of Canada decreased their target price on Forterra from GBX 220 to GBX 195 and set an “outperform” rating for the company in a research report on Wednesday. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of GBX 209.83.

Forterra Trading Down 2.4%

FORT stock opened at GBX 136.51 on Wednesday. Forterra has a 12 month low of GBX 132.80 and a 12 month high of GBX 215. The firm’s 50-day moving average is GBX 159.61 and its 200 day moving average is GBX 174.27. The company has a market capitalization of £284.23 million, a PE ratio of 17.06, a P/E/G ratio of 0.30 and a beta of 0.75. The company has a debt-to-equity ratio of 34.75, a current ratio of 1.46 and a quick ratio of 0.82.

Forterra (LON:FORT) last released its quarterly earnings data 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%. On average, research analysts anticipate that Forterra will post 11.9888346 EPS for the current 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.