Berenberg Bank Issues Pessimistic Forecast for Forterra (LON:FORT) Stock Price

Forterra (LON:FORT) had its target price reduced by equities research analysts at Berenberg Bank from GBX 220 to GBX 170 in a research note issued to investors on Wednesday,Digital Look reports. The brokerage presently has a “hold” rating on the stock. Berenberg Bank’s price objective indicates a potential upside of 24.63% from the stock’s previous close.

Separately, Jefferies Financial Group lowered their price target on Forterra from GBX 219 to GBX 204 and set a “buy” rating for the company in a report on Monday, April 20th. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Forterra presently has an average rating of “Moderate Buy” and an average price target of GBX 221.50.

Forterra Stock Down 2.4%

Shares of Forterra stock opened at GBX 136.40 on Wednesday. Forterra has a 1 year low of GBX 132.80 and a 1 year high of GBX 215. The business has a 50-day moving average of GBX 159.61 and a two-hundred day moving average of GBX 174.27. The company has a market capitalization of £284.00 million, a P/E ratio of 17.05, a price-to-earnings-growth ratio of 0.30 and a beta of 0.75. The company has a debt-to-equity ratio of 34.75, a current ratio of 1.46 and a quick ratio of 0.82.

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