Analysts at Deutsche Bank started coverage on shares of Forterra (LON:FORT) in a research report issued on Friday, ThisIsMoney.Co.Uk reports. The firm set a “buy” rating and a GBX 340 ($4.44) price target on the stock. Deutsche Bank’s target price would suggest a potential upside of 15.65% from the stock’s current price.
Other analysts have also recently issued reports about the company. Berenberg Bank reduced their price target on Forterra from GBX 310 ($4.05) to GBX 300 ($3.92) and set a “hold” rating for the company in a report on Monday, November 11th. Canaccord Genuity reaffirmed a “buy” rating and set a GBX 330 ($4.31) price objective on shares of Forterra in a report on Tuesday, November 19th. Jefferies Financial Group raised Forterra to a “buy” rating and upped their price objective for the stock from GBX 258 ($3.37) to GBX 337 ($4.40) in a report on Monday. Finally, Peel Hunt reiterated an “add” rating on shares of Forterra in a research report on Monday, November 18th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of GBX 330.33 ($4.32).
LON FORT opened at GBX 294 ($3.84) on Friday. The stock has a market capitalization of $589.30 million and a price-to-earnings ratio of 11.01. The business’s 50 day moving average is GBX 279.50 and its two-hundred day moving average is GBX 281.47. Forterra has a 12-month low of GBX 207 ($2.70) and a 12-month high of GBX 407.50 ($5.32). The company has a current ratio of 1.20, a quick ratio of 0.81 and a debt-to-equity ratio of 58.64.
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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