Forterra (LON:FORT) Price Target Cut to GBX 180 by Analysts at Royal Bank Of Canada

Forterra (LON:FORT) had its target price cut by Royal Bank Of Canada from GBX 195 to GBX 180 in a report issued on Wednesday,Digital Look reports. The brokerage currently has an “outperform” rating on the stock. Royal Bank Of Canada’s price objective would suggest a potential upside of 30.25% from the stock’s previous close.

Several other equities research analysts have also recently weighed in on FORT. Jefferies Financial Group restated a “buy” rating and set a GBX 204 target price on shares of Forterra in a report on Wednesday, May 20th. Berenberg Bank restated a “hold” rating and issued a GBX 170 target price on shares of Forterra in a report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on shares of Forterra from GBX 320 to GBX 250 and set a “buy” rating for the company in a report on Wednesday, May 20th. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of GBX 207.33.

Forterra Price Performance

Shares of Forterra stock opened at GBX 138.20 on Wednesday. Forterra has a 52-week low of GBX 126.40 and a 52-week high of GBX 210. The stock has a market capitalization of £283.44 million, a price-to-earnings ratio of 17.27, a price-to-earnings-growth ratio of 0.30 and a beta of 0.73. The company has a fifty day moving average of GBX 135.32 and a 200-day moving average of GBX 158.02. 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 Tuesday, July 28th. The company reported GBX 4.10 EPS for the quarter. Forterra had a net margin of 4.40% and a return on equity of 7.33%. Equities research analysts expect that Forterra will post 11.9888346 EPS for the current year.

Insider Buying and Selling at Forterra

In related news, insider Nigel Lingwood bought 25,000 shares of the business’s stock in a transaction dated Friday, June 12th. The shares were purchased at an average price of GBX 133 per share, with a total value of £33,250. Also, insider Neil Ash purchased 17,500 shares of Forterra stock in a transaction that occurred on Friday, June 12th. The shares were bought at an average price of GBX 132 per share, for a total transaction of £23,100. Insiders acquired a total of 54,000 shares of company stock valued at $7,164,500 over the last 90 days. Company insiders own 0.46% of the company’s stock.

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.