Forterra plc (LON:FORT) Receives GBX 233.50 Average PT from Brokerages

Key Points

• Forterra plc (LON:FORT) received an average recommendation of "Moderate Buy" from six analysts, with two hold ratings and four buy ratings.
• The average 12-month price target for Forterra's shares is set at GBX 233.50, showing a potential for growth from its current price of GBX 197.70.
• The company reported earnings of GBX 5.80 per share, with analysts projecting earnings of approximately £11.99 per share for the current fiscal year.

Shares of Forterra plc (LON:FORT - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the six ratings firms that are presently covering the firm, Marketbeat reports. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is GBX 233.50.

Several equities analysts have recently issued reports on the company. Jefferies Financial Group lifted their price target on Forterra from GBX 237 ($3.19) to GBX 261 ($3.51) and gave the company a "buy" rating in a research report on Tuesday. Citigroup lifted their price target on Forterra from GBX 176 ($2.37) to GBX 210 ($2.82) and gave the company a "neutral" rating in a research report on Wednesday, July 30th. Peel Hunt reiterated an "add" rating and set a GBX 190 ($2.56) price objective on shares of Forterra in a research report on Tuesday, July 29th. Royal Bank Of Canada increased their price objective on Forterra from GBX 220 ($2.96) to GBX 250 ($3.36) and gave the company an "outperform" rating in a research report on Wednesday, July 30th. Finally, Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and set a GBX 320 ($4.30) price objective on shares of Forterra in a research report on Wednesday, July 30th.

Forterra Stock Performance

FORT stock traded up GBX 0.20 ($0.00) during trading on Tuesday, reaching GBX 198.80 ($2.67). 206,406 shares of the company's stock were exchanged, compared to its average volume of 880,626. 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 has a 1-year low of GBX 150 ($2.02) and a 1-year high of GBX 215 ($2.89). The company's fifty day moving average price is GBX 195.21 and its 200-day moving average price is GBX 178.90. The firm has a market cap of £408.30 million, a PE ratio of 51.83, a P/E/G ratio of 0.30 and a beta of 1.25.

Forterra (LON:FORT - Get Free Report) last issued its quarterly 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, research analysts expect that Forterra will post 11.9888346 EPS for the current fiscal 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.