Forterra plc (LON:FORT) Given Average Rating of "Moderate Buy" by Analysts

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 been assigned an average recommendation of "Moderate Buy" from the six ratings firms that are covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is GBX 233.50.

A number of analysts have recently weighed in on the company. Peel Hunt reiterated an "add" rating and set a GBX 190 ($2.53) target price on shares of Forterra in a research report on Tuesday, July 29th. Citigroup upped their target price on Forterra from GBX 176 ($2.34) to GBX 210 ($2.79) and gave the company a "neutral" rating in a research report on Wednesday, July 30th. Jefferies Financial Group upped their target price on Forterra from GBX 237 ($3.15) to GBX 261 ($3.47) and gave the company a "buy" rating in a research report on Tuesday. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and set a GBX 320 ($4.25) target price on shares of Forterra in a research report on Wednesday, July 30th. Finally, Royal Bank Of Canada upped their target price on Forterra from GBX 220 ($2.92) to GBX 250 ($3.32) and gave the company an "outperform" rating in a research report on Wednesday, July 30th.

Forterra Stock Down 0.7%

LON:FORT opened at GBX 197.70 ($2.63) on Tuesday. The firm has a market capitalization of £406.04 million, a price-to-earnings ratio of 51.54, a price-to-earnings-growth ratio of 0.30 and a beta of 1.25. Forterra has a twelve month low of GBX 150 ($1.99) and a twelve month high of GBX 215 ($2.86). The stock's 50 day moving average price is GBX 195.06 and its two-hundred day moving average price is GBX 178.02. 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 posted its earnings results on Tuesday, July 29th. The company reported GBX 5.80 ($0.08) earnings per share for the quarter. Forterra had a return on equity of 3.76% and a net margin of 2.46%. Equities research analysts expect 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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