Deutsche Bank Aktiengesellschaft Reiterates “Buy” Rating for Forterra (LON:FORT)

Deutsche Bank Aktiengesellschaft restated their buy rating on shares of Forterra (LON:FORT) in a report released on Wednesday morning, MarketBeat.com reports. The brokerage currently has a GBX 320 ($4.24) price objective on the stock.

Other equities research analysts also recently issued research reports about the stock. Citigroup upped their price objective on shares of Forterra from GBX 176 ($2.33) to GBX 210 ($2.78) and gave the stock a “neutral” rating in a report on Wednesday. Royal Bank Of Canada raised their price objective on shares of Forterra from GBX 220 ($2.92) to GBX 250 ($3.31) and gave the company an “outperform” rating in a research report on Wednesday. Finally, Peel Hunt reiterated an “add” rating and issued a GBX 190 ($2.52) target price on shares of Forterra in a report on Tuesday. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of GBX 228 ($3.02).

Forterra Stock Performance

FORT stock opened at GBX 202 ($2.68) on Wednesday. The company has a market capitalization of £414.87 million, a P/E ratio of 52.66, a PEG ratio of 0.30 and a beta of 1.25. The company has a 50-day simple moving average of GBX 194.18 and a 200 day simple moving average of GBX 176.77. Forterra has a fifty-two week low of GBX 150 ($1.99) and a fifty-two week high of GBX 215 ($2.85). The company has a quick ratio of 0.82, a current ratio of 1.79 and a debt-to-equity ratio of 59.58.

Forterra (LON:FORT) last posted its quarterly earnings data on Tuesday, July 29th. The company reported GBX 5.80 ($0.08) earnings per share for the quarter. Forterra had a net margin of 2.46% and a return on equity of 3.76%. Sell-side analysts predict that Forterra will post 11.9888346 earnings per share for the current fiscal year.

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.