Forterra (LON:FORT) Price Target Lowered to GBX 208 at Jefferies Financial Group

Key Points

• Jefferies Financial Group has lowered the price target for Forterra (LON:FORT) from GBX 261 to GBX 208, while still maintaining a "buy" rating on the stock.
• The average price target for Forterra among analysts is now GBX 228, reflecting a mixed outlook with four "buy" ratings and two "hold" ratings.
• Forterra's shares are currently trading around GBX 167.40, showing a decrease of 1.5% on the day with a market cap of £353.07 million.

Forterra (LON:FORT - Get Free Report) had its target price lowered by analysts at Jefferies Financial Group from GBX 261 to GBX 208 in a research report issued to clients and investors on Monday,Digital Look reports. The brokerage presently has a "buy" rating on the stock. Jefferies Financial Group's price objective indicates a potential upside of 24.25% from the stock's current price.

Several other equities analysts also recently issued reports on FORT. Royal Bank Of Canada reduced their price objective on shares of Forterra from GBX 250 to GBX 220 and set an "outperform" rating on the stock in a research note on Wednesday, October 15th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and set a GBX 320 price target on shares of Forterra in a research note on Wednesday, July 30th. Berenberg Bank reissued a "hold" rating and issued a GBX 220 price objective on shares of Forterra in a research report on Monday, September 8th. Citigroup increased their price objective on shares of Forterra from GBX 176 to GBX 210 and gave the stock a "neutral" rating in a research report on Wednesday, July 30th. Finally, Peel Hunt reissued an "add" rating and issued a GBX 190 price objective on shares of Forterra in a research report on Tuesday, July 29th. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of GBX 228.

Forterra Trading Down 1.5%

Shares of FORT opened at GBX 167.40 on Monday. The company has a current ratio of 1.79, a quick ratio of 0.82 and a debt-to-equity ratio of 59.58. The firm's 50-day moving average is GBX 188.10 and its two-hundred day moving average is GBX 188.62. Forterra has a twelve month low of GBX 150 and a twelve month high of GBX 215. The firm has a market capitalization of £353.07 million, a P/E ratio of 22.62, a PEG ratio of 0.30 and a beta of 1.25.

Forterra (LON:FORT - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The company reported GBX 5.80 EPS for the quarter. Forterra had a net margin of 2.46% and a return on equity of 3.76%. On average, research analysts predict 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.

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