Forterra (LON:FORT) Lifted to “Buy” at Jefferies Financial Group

Jefferies Financial Group upgraded shares of Forterra (LON:FORT) to a buy rating in a research note released on Monday, Stock Target Advisor reports. Jefferies Financial Group currently has GBX 337 ($4.40) price target on the stock, up from their previous price target of GBX 258 ($3.37).

FORT has been the topic of several other reports. Canaccord Genuity reissued a buy rating and set a GBX 330 ($4.31) target price on shares of Forterra in a research note on Tuesday, November 19th. Berenberg Bank dropped their target price on Forterra from GBX 310 ($4.05) to GBX 300 ($3.92) and set a hold rating on the stock in a research report on Monday, November 11th. Finally, Peel Hunt restated an add rating on shares of Forterra in a research note on Monday, November 18th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Forterra presently has a consensus rating of Buy and an average target price of GBX 330.33 ($4.32).

FORT opened at GBX 296 ($3.87) on Monday. Forterra has a fifty-two week low of GBX 207 ($2.70) and a fifty-two week high of GBX 407.50 ($5.32). The company has a debt-to-equity ratio of 58.64, a quick ratio of 0.81 and a current ratio of 1.20. The company has a fifty day moving average of GBX 279.50 and a two-hundred day moving average of GBX 281.47. The stock has a market capitalization of $589.30 million and a price-to-earnings ratio of 11.09.

Forterra Company Profile

Forterra plc manufactures and sells masonry products in the United Kingdom. It operates through three segments: Bricks, Blocks, and Bespoke Products. The company offers bricks; aircrete and aggregate blocks; and bespoke products comprising precast concrete flooring, concrete block paving, and chimney and roofing components, as well as other building products under the London Brick, Butterley Brick, Ecostock, Cradley, Thermalite, Conbloc, Bison Precast, Jetfloor, Red Bank, and Formpave brand names.

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Analyst Recommendations for Forterra (LON:FORT)

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