Forterra (LON:FORT) Price Target Raised to GBX 320 at Deutsche Bank Aktiengesellschaft

Forterra (LON:FORT) had its price objective increased by analysts at Deutsche Bank Aktiengesellschaft from GBX 260 ($3.27) to GBX 320 ($4.03) in a report released on Thursday, Marketbeat Ratings reports. The brokerage currently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s target price would suggest a potential upside of 105.13% from the stock’s previous close.

Forterra Price Performance

FORT stock traded up GBX 0.20 ($0.00) during trading on Thursday, reaching GBX 156 ($1.96). 464,248 shares of the company were exchanged, compared to its average volume of 759,795. The company has a market capitalization of £320.39 million, a price-to-earnings ratio of 40.67, a P/E/G ratio of 0.30 and a beta of 1.25. The company has a debt-to-equity ratio of 59.58, a current ratio of 1.79 and a quick ratio of 0.82. The company has a 50-day moving average of GBX 162 and a two-hundred day moving average of GBX 172.47. Forterra has a twelve month low of GBX 146.40 ($1.84) and a twelve month high of GBX 200.50 ($2.52).

Forterra Company Profile

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.