Forterra plc (LON:FORT) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Forterra plc (LON:FORT) have been assigned an average rating of “Moderate Buy” from the six ratings firms that are currently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is GBX 236.

A number of research firms have commented on FORT. Jefferies Financial Group cut their price objective on shares of Forterra from GBX 219 to GBX 216 and set a “buy” rating for the company in a report on Monday, February 9th. Berenberg Bank reissued a “hold” rating and issued a GBX 220 price target on shares of Forterra in a research note on Thursday, March 26th.

Forterra Stock Up 2.0%

FORT stock opened at GBX 167.64 on Friday. The company has a market cap of £351.81 million, a price-to-earnings ratio of 20.95, a PEG ratio of 0.30 and a beta of 0.77. The company has a current ratio of 1.46, a quick ratio of 0.82 and a debt-to-equity ratio of 34.75. Forterra has a 12 month low of GBX 150.80 and a 12 month high of GBX 215. The firm has a 50-day moving average of GBX 172.23 and a two-hundred day moving average of GBX 177.64.

Forterra (LON:FORT) last released its quarterly earnings data on Wednesday, March 11th. The company reported GBX 12.60 EPS for the quarter. Forterra had a net margin of 4.40% and a return on equity of 7.33%. As a group, analysts forecast that Forterra will post 11.9888346 earnings per share for the current fiscal year.

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.