Forterra PLC (LON:FORT) has been assigned an average rating of “Buy” from the seven analysts that are presently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is GBX 343 ($4.59).
A number of equities analysts have recently issued reports on the stock. Deutsche Bank restated a “buy” rating on shares of Forterra in a research report on Monday, August 14th. Jefferies Group raised their target price on shares of Forterra from GBX 380 ($5.09) to GBX 390 ($5.22) and gave the stock a “buy” rating in a research report on Tuesday, September 19th. Berenberg Bank raised their target price on shares of Forterra from GBX 320 ($4.29) to GBX 340 ($4.55) and gave the stock a “buy” rating in a research report on Tuesday, August 8th. Numis Securities restated an “add” rating and set a GBX 335 ($4.49) target price on shares of Forterra in a research report on Wednesday, November 22nd. Finally, Peel Hunt restated a “buy” rating and set a GBX 330 ($4.42) target price on shares of Forterra in a research report on Wednesday, November 22nd.
Forterra (LON FORT) opened at GBX 285 ($3.82) on Monday. Forterra has a 1 year low of GBX 169 ($2.26) and a 1 year high of GBX 307.75 ($4.12).
Forterra plc is a producer of manufactured masonry products. The Company is also a manufacturer of building products for the United Kingdom construction industry. The Company’s segments include Bricks, Blocks and Bespoke Products. The Company’s product range consists of clay bricks, Thermalite blocks, aggregate blocks, Red Bank chimney, roofing and flue systems, precast concrete and flooring products, and Formpave permeable block paving.
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