Other analysts have also issued reports about the stock. Numis Securities reaffirmed an add rating and issued a GBX 335 ($4.51) price objective on shares of Forterra in a research note on Wednesday, November 22nd. Deutsche Bank reaffirmed a buy rating on shares of Forterra in a research note on Monday, November 27th. Citigroup reaffirmed a buy rating on shares of Forterra in a research note on Tuesday, November 14th. Jefferies Group upped their price objective on shares of Forterra from GBX 380 ($5.11) to GBX 390 ($5.25) and gave the stock a buy rating in a research note on Tuesday, September 19th. Finally, Berenberg Bank upped their price objective on shares of Forterra from GBX 320 ($4.31) to GBX 340 ($4.58) and gave the stock a buy rating in a research note on Tuesday, August 8th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. Forterra currently has an average rating of Buy and a consensus target price of GBX 327.86 ($4.41).
Forterra (LON:FORT) traded up GBX 3.50 ($0.05) during trading hours on Wednesday, reaching GBX 283.25 ($3.81). 95,517 shares of the company were exchanged, compared to its average volume of 240,877. Forterra has a 52 week low of GBX 169 ($2.27) and a 52 week high of GBX 307.75 ($4.14).
Forterra plc is a producer of manufactured masonry products. The Company is also a manufacturer of building products for the United Kingdom construction industry. The Company’s segments include Bricks, Blocks and Bespoke Products. The Company’s product range consists of clay bricks, Thermalite blocks, aggregate blocks, Red Bank chimney, roofing and flue systems, precast concrete and flooring products, and Formpave permeable block paving.
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