Forterra plc (LON:FORT) Given Average Recommendation of "Moderate Buy" by Brokerages

Key Points

• Analysts assign Forterra an average rating of "Moderate Buy" from six brokers (four buy, two hold), with an average 12‑month price target of GBX 234.
• Shares opened at GBX 160.90 (1‑year range GBX 150.80–215) with a market cap of £337.7m, a PE of 20.1, reported quarterly EPS of GBX 12.60 and expected fiscal‑year EPS of about GBX 12.00.

Forterra plc (LON:FORT - Get Free Report) has been assigned an average rating of "Moderate Buy" from the six ratings firms that are currently covering the company, MarketBeat reports. Two 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 brokerages that have covered the stock in the last year is GBX 234.

Several brokerages have commented on FORT. Jefferies Financial Group dropped their price target on shares of Forterra from GBX 219 to GBX 204 and set a "buy" rating on the stock in a research report on Monday, April 20th. Berenberg Bank reiterated a "hold" rating and issued a GBX 220 target price on shares of Forterra in a report on Thursday, March 26th.

Forterra Stock Up 0.8%

Shares of FORT stock opened at GBX 160.90 on Thursday. Forterra has a 1 year low of GBX 150.80 and a 1 year high of GBX 215. The company has a debt-to-equity ratio of 34.75, a quick ratio of 0.82 and a current ratio of 1.46. The business's fifty day moving average is GBX 165.38 and its 200-day moving average is GBX 175.99. The stock has a market cap of £337.67 million, a PE ratio of 20.11, a price-to-earnings-growth ratio of 0.30 and a beta of 0.77.

Forterra (LON:FORT - Get Free Report) last announced its quarterly earnings data on Wednesday, March 11th. The company reported GBX 12.60 earnings per share for the quarter. Forterra had a return on equity of 7.33% and a net margin of 4.40%. Equities 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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