Jefferies Financial Group Has Lowered Expectations for Forterra (LON:FORT) Stock Price

Forterra (LON:FORT) had its price target decreased by stock analysts at Jefferies Financial Group from GBX 219 to GBX 216 in a research note issued on Monday, MarketBeat Ratings reports. The brokerage presently has a “buy” rating on the stock. Jefferies Financial Group’s price target would suggest a potential upside of 16.63% from the stock’s previous close.

Several other equities research analysts also recently weighed in on the company. Royal Bank Of Canada decreased their price objective on Forterra from GBX 250 to GBX 220 and set an “outperform” rating for the company in a report on Wednesday, October 15th. Peel Hunt reaffirmed an “add” rating and set a GBX 230 price objective on shares of Forterra in a research report on Tuesday, November 11th. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of GBX 236.

Forterra Stock Up 0.3%

Forterra stock opened at GBX 185.20 on Monday. The stock has a 50-day simple moving average of GBX 181.01 and a 200-day simple moving average of GBX 184.50. The company has a market capitalization of £390.61 million, a P/E ratio of 25.03, a PEG ratio of 0.30 and a beta of 1.25. The company has a debt-to-equity ratio of 59.58, a quick ratio of 0.82 and a current ratio of 1.79. Forterra has a fifty-two week low of GBX 150 and a fifty-two week high of GBX 215.

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.