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

Shares of Forterra plc (LON:FORT) have earned an average recommendation of “Moderate Buy” from the six research firms that are covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is GBX 209.83.

A number of equities research analysts have recently issued reports on FORT shares. Berenberg Bank cut their price objective on shares of Forterra from GBX 220 to GBX 170 and set a “hold” rating for the company in a research note on Wednesday, May 20th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Forterra from GBX 320 to GBX 250 and set a “buy” rating for the company in a research note on Wednesday, May 20th. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 204 price objective on shares of Forterra in a research note on Wednesday, May 20th. Finally, 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 note on Wednesday, May 20th.

Forterra Price Performance

FORT stock opened at GBX 134.79 on Monday. Forterra has a one year low of GBX 132.80 and a one year high of GBX 215. The stock has a market cap of £278.28 million, a PE ratio of 16.85, a P/E/G ratio of 0.30 and a beta of 0.75. The firm has a 50 day simple moving average of GBX 153.24 and a two-hundred day simple moving average of GBX 170.29. The company has a debt-to-equity ratio of 34.75, a current ratio of 1.46 and a quick ratio of 0.82.

Forterra (LON:FORT) last announced its quarterly earnings data on Wednesday, March 11th. The company reported GBX 12.60 earnings per share (EPS) for the quarter. Forterra had a net margin of 4.40% and a return on equity of 7.33%. On average, analysts predict that Forterra will post 11.9888346 EPS 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.