Berenberg Bank Reaffirms “Hold” Rating for Forterra (LON:FORT)

Forterra (LON:FORT)‘s stock had its “hold” rating restated by research analysts at Berenberg Bank in a report released on Thursday, Marketbeat reports. They presently have a GBX 220 price objective on the stock. Berenberg Bank’s price target suggests a potential upside of 40.13% from the stock’s previous close.

Separately, Jefferies Financial Group reduced their price target on shares of Forterra from GBX 219 to GBX 216 and set a “buy” rating for the company in a report on Monday, February 9th. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of GBX 236.

Forterra Trading Down 1.9%

FORT opened at GBX 157 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. The stock’s fifty day moving average is GBX 177.16 and its two-hundred day moving average is GBX 180.53. The company has a market capitalization of £331.13 million, a P/E ratio of 21.22, a PEG ratio of 0.30 and a beta of 0.67. Forterra has a 52 week low of GBX 152.20 and a 52 week high of GBX 215.

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

Forterra Company Profile

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.