Forterra (LON:FORT) Receives Buy Rating from Jefferies Financial Group

Forterra (LON:FORT)‘s stock had its “buy” rating reissued by research analysts at Jefferies Financial Group in a research note issued to investors on Wednesday,London Stock Exchange reports. They currently have a GBX 204 price objective on the stock. Jefferies Financial Group’s price target would indicate a potential upside of 49.44% from the stock’s current price.

A number of other equities research analysts also recently issued reports on FORT. Royal Bank Of Canada cut their price objective on shares of Forterra from GBX 220 to GBX 195 and set an “outperform” rating for the company in a research report on Wednesday. Berenberg Bank lowered their target price on Forterra from GBX 220 to GBX 170 and set a “hold” rating on the stock in a research report on Wednesday. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of GBX 209.83.

Forterra Stock Performance

FORT opened at GBX 136.51 on Wednesday. The company’s 50 day moving average is GBX 159.61 and its 200 day moving average is GBX 174.27. The company has a current ratio of 1.46, a quick ratio of 0.82 and a debt-to-equity ratio of 34.75. The company has a market cap of £284.23 million, a price-to-earnings ratio of 17.06, a PEG ratio of 0.30 and a beta of 0.75. Forterra has a 12-month low of GBX 132.80 and a 12-month high of GBX 215.

Forterra (LON:FORT) last announced its earnings results on Wednesday, March 11th. The company reported GBX 12.60 EPS for the quarter. Forterra had a net margin of 4.40% and a return on equity of 7.33%. On average, equities research analysts predict 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.