Royal Bank Of Canada Issues Positive Forecast for Forterra (LON:FORT) Stock Price

Forterra (LON:FORT - Free Report) had its price target upped by Royal Bank Of Canada from GBX 220 ($2.92) to GBX 250 ($3.31) in a research note issued to investors on Wednesday, MarketBeat.com reports. Royal Bank Of Canada currently has an outperform rating on the stock.

Separately, Peel Hunt reissued an "add" rating and issued a GBX 190 ($2.52) target price on shares of Forterra in a report on Tuesday. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Forterra has an average rating of "Moderate Buy" and a consensus target price of GBX 228 ($3.02).

Forterra Stock Down 0.7%

Shares of LON:FORT traded down GBX 1.42 ($0.02) during midday trading on Wednesday, reaching GBX 202.58 ($2.69). The company's stock had a trading volume of 2,626,091 shares, compared to its average volume of 892,219. Forterra has a 12-month low of GBX 150 ($1.99) and a 12-month high of GBX 215 ($2.85). The firm has a market capitalization of £416.06 million, a P/E ratio of 52.81, a PEG ratio of 0.30 and a beta of 1.25. The firm has a 50 day moving average of GBX 194.18 and a 200-day moving average of GBX 176.77. The company has a quick ratio of 0.82, a current ratio of 1.79 and a debt-to-equity ratio of 59.58.

Forterra (LON:FORT - Get Free Report) last announced its quarterly earnings data 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 earnings per share 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.