Peel Hunt Reiterates Add Rating for Forterra (LON:FORT)

Key Points

• Forterra's stock has been restated with an "add" rating by Peel Hunt, with a price objective of GBX 190 ($2.54), indicating a potential downside of 7.09% from its current price.
• The company reported an earnings per share (EPS) of GBX 5.80 ($0.08) for the previous quarter, and analysts predict an annual EPS of 11.99.
• Forterra is a leading UK manufacturer of clay and concrete building products, specializing in clay bricks, concrete blocks, and precast concrete flooring.

Forterra (LON:FORT - Get Free Report)'s stock had its "add" rating reissued by investment analysts at Peel Hunt in a report released on Tuesday, Marketbeat reports. They currently have a GBX 190 ($2.52) target price on the stock. Peel Hunt's target price points to a potential downside of 6.21% from the stock's previous close.

Forterra Trading Down 0.7%

Shares of FORT stock traded down GBX 1.42 ($0.02) on Tuesday, reaching GBX 202.58 ($2.69). The company had a trading volume of 2,626,091 shares, compared to its average volume of 892,219. 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 stock has a market cap of £416.06 million, a PE ratio of 52.81, a PEG ratio of 0.30 and a beta of 1.25. The company has a 50-day moving average of GBX 194.18 and a 200-day moving average of GBX 176.77. Forterra has a 12 month low of GBX 150 ($1.99) and a 12 month high of GBX 215 ($2.85).

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