Forterra plc (LON:FORT) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Forterra plc (LON:FORT) have been assigned a consensus rating of “Moderate Buy” from the six research firms that are currently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is GBX 241.83.

Several equities analysts recently issued reports on the stock. Jefferies Financial Group boosted their target price on shares of Forterra from GBX 237 to GBX 261 and gave the company a “buy” rating in a research note on Tuesday, August 5th. Royal Bank Of Canada upped their price objective on shares of Forterra from GBX 220 to GBX 250 and gave the stock an “outperform” rating in a research report on Wednesday, July 30th. Peel Hunt restated an “add” rating and set a GBX 190 target price on shares of Forterra in a research report on Tuesday, July 29th. Citigroup lifted their price target on Forterra from GBX 176 to GBX 210 and gave the company a “neutral” rating in a research note on Wednesday, July 30th. Finally, Berenberg Bank reaffirmed a “hold” rating and issued a GBX 220 price target on shares of Forterra in a report on Monday, September 8th.

Forterra Stock Down 0.5%

Shares of FORT opened at GBX 186.20 on Wednesday. The company has a market capitalization of £392.72 million, a price-to-earnings ratio of 2,516.22, a PEG ratio of 0.30 and a beta of 1.25. Forterra has a 52 week low of GBX 150 and a 52 week high of GBX 215. The stock’s 50-day moving average price is GBX 192.31 and its 200-day moving average price is GBX 187.17. 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 announced its quarterly earnings results on Tuesday, July 29th. The company reported GBX 5.80 earnings per share (EPS) for the quarter. Forterra had a return on equity of 3.76% and a net margin of 2.46%. On average, sell-side analysts predict that Forterra will post 11.9888346 EPS for the current 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.