Forterra plc (LON:FORT) Receives Consensus Rating of “Moderate Buy” from Brokerages

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

Several research firms have issued reports on FORT. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Forterra from GBX 320 to GBX 250 and set a “buy” rating for the company in a research report on Wednesday, May 20th. Berenberg Bank lowered their price objective on shares of Forterra from GBX 220 to GBX 170 and set a “hold” rating for the company in a research note on Wednesday, May 20th. Royal Bank Of Canada lowered their price objective on shares of Forterra from GBX 220 to GBX 195 and set an “outperform” rating for the company in a research note on Wednesday, May 20th. Finally, Jefferies Financial Group reissued a “buy” rating and issued a GBX 204 price objective on shares of Forterra in a research note on Wednesday, May 20th.

Forterra Stock 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 stock’s 50-day simple moving average is GBX 155.63 and its 200 day simple moving average is GBX 171.88. The stock 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. The company has a debt-to-equity ratio of 34.75, a quick ratio of 0.82 and a current ratio of 1.46.

Forterra (LON:FORT) last issued its 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 anticipate that Forterra will post 11.9888346 EPS 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.