Forterra (LON:FORT) Earns “Neutral” Rating from Citigroup

Citigroup restated their neutral rating on shares of Forterra (LON:FORT) in a report issued on Monday, Stock Target Advisor reports.

A number of other equities analysts also recently issued reports on FORT. Jefferies Financial Group increased their price target on Forterra from GBX 337 ($4.43) to GBX 416 ($5.47) and gave the stock a buy rating in a research report on Wednesday, February 5th. Deutsche Bank reiterated a buy rating on shares of Forterra in a research report on Thursday, January 23rd. Berenberg Bank increased their price target on Forterra from GBX 300 ($3.95) to GBX 340 ($4.47) and gave the stock a hold rating in a research report on Friday, January 24th. Peel Hunt reiterated an add rating on shares of Forterra in a research report on Thursday, February 13th. Finally, Canaccord Genuity reiterated a buy rating and set a GBX 330 ($4.34) price target on shares of Forterra in a research report on Tuesday, November 19th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus target price of GBX 356 ($4.68).

Shares of FORT stock opened at GBX 350.50 ($4.61) on Monday. The company has a market capitalization of $702.55 million and a P/E ratio of 13.13. The business’s 50 day moving average is GBX 346.19 and its two-hundred day moving average is GBX 302.77. 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 has a 12-month low of GBX 244.50 ($3.22) and a 12-month high of GBX 407.50 ($5.36).

In other news, insider Ben Guyatt sold 7,800 shares of the firm’s stock in a transaction that occurred on Sunday, December 1st. The stock was sold at an average price of GBX 289 ($3.80), for a total value of £22,542 ($29,652.72).

About Forterra

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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