Jefferies Financial Group Has Lowered Expectations for Forterra (LON:FORT) Stock Price

Forterra (LON:FORT) had its price objective dropped by stock analysts at Jefferies Financial Group from GBX 219 to GBX 204 in a research report issued to clients and investors on Monday,London Stock Exchange reports. The brokerage currently has a “buy” rating on the stock. Jefferies Financial Group’s price objective would suggest a potential upside of 24.36% from the stock’s current price.

Separately, Berenberg Bank reaffirmed a “hold” rating and set a GBX 220 price objective on shares of Forterra in a report on Thursday, March 26th. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of GBX 234.

Forterra Price Performance

LON FORT opened at GBX 164.04 on Monday. The company has a market cap of £344.26 million, a PE ratio of 20.51, a price-to-earnings-growth ratio of 0.30 and a beta of 0.77. Forterra has a 52 week low of GBX 150.80 and a 52 week high of GBX 215. The company has a quick ratio of 0.82, a current ratio of 1.46 and a debt-to-equity ratio of 34.75. The firm’s 50-day simple moving average is GBX 172.23 and its two-hundred day simple moving average is GBX 177.58.

Forterra (LON:FORT) last released its quarterly earnings data 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%. Research analysts predict that Forterra will post 11.9888346 earnings per share 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.