Royal Bank Of Canada Has Lowered Expectations for Forterra (LON:FORT) Stock Price

Forterra (LON:FORT) had its target price decreased by stock analysts at Royal Bank Of Canada from GBX 220 to GBX 195 in a report issued on Wednesday,Digital Look reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank Of Canada’s price target suggests a potential upside of 42.96% from the company’s previous close.

Other equities analysts have also recently issued research reports about the company. Jefferies Financial Group lowered their price target on Forterra from GBX 219 to GBX 204 and set a “buy” rating for the company in a report on Monday, April 20th. Berenberg Bank lowered their price target on Forterra from GBX 220 to GBX 170 and set a “hold” rating for the company in a report on Wednesday. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Forterra presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 221.50.

Forterra Price Performance

Forterra stock opened at GBX 136.40 on Wednesday. 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 has a 52 week low of GBX 132.80 and a 52 week high of GBX 215. The stock has a market capitalization of £284.00 million, a P/E ratio of 17.05, a price-to-earnings-growth ratio of 0.30 and a beta of 0.75. The stock has a fifty day moving average of GBX 159.61 and a 200-day moving average of GBX 174.27.

Forterra (LON:FORT) last posted its quarterly earnings results on Wednesday, March 11th. The company reported GBX 12.60 EPS for the quarter. Forterra had a return on equity of 7.33% and a net margin of 4.40%. On average, sell-side analysts expect that Forterra will post 11.9888346 earnings per share for the current fiscal 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.