Citigroup Increases Forterra (LON:FORT) Price Target to GBX 210

Forterra (LON:FORT - Get Free Report) had its price objective raised by research analysts at Citigroup from GBX 176 ($2.34) to GBX 210 ($2.79) in a report issued on Wednesday, MarketBeat reports. The brokerage presently has a "neutral" rating on the stock. Citigroup's price objective suggests a potential upside of 6.28% from the stock's previous close.

FORT has been the topic of several other reports. Royal Bank Of Canada upped their target price on shares of Forterra from GBX 220 ($2.92) to GBX 250 ($3.32) and gave the stock an "outperform" rating in a research note on Wednesday. Peel Hunt reiterated an "add" rating and issued a GBX 190 ($2.52) price target on shares of Forterra in a research note on Tuesday. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of GBX 228 ($3.03).

Forterra Stock Down 1.9%

Shares of FORT stock traded down GBX 3.90 ($0.05) during trading on Wednesday, reaching GBX 197.60 ($2.62). The company's stock had a trading volume of 22,065,154 shares, compared to its average volume of 1,030,974. Forterra has a 1-year low of GBX 150 ($1.99) and a 1-year high of GBX 215 ($2.85). The stock's 50-day moving average price is GBX 194.87 and its 200 day moving average price is GBX 177.55. The company has a market capitalization of £405.83 million, a price-to-earnings ratio of 51.51, 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.

Forterra (LON:FORT - Get Free Report) last announced its earnings results on Tuesday, July 29th. The company reported GBX 5.80 ($0.08) earnings per share for the quarter. Forterra had a net margin of 2.46% and a return on equity of 3.76%. On average, research analysts anticipate that Forterra will post 11.9888346 EPS for the current year.

About Forterra

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.