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

Key Points

• Forterra plc has received a consensus recommendation of "Moderate Buy" from six analysts, with four providing buy ratings and two rating it as hold.
• The average 1-year price objective for Forterra shares is set at GBX 241.83, with some analysts projecting targets as high as GBX 320.
• The company recently reported an earnings per share (EPS) of GBX 5.80 for the last quarter, and analysts predict an EPS of almost 12 for the current year.

Forterra plc (LON:FORT - Get Free Report) has been given an average rating of "Moderate Buy" by the six analysts that are currently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is GBX 241.83.

Several analysts have issued reports on FORT shares. Royal Bank Of Canada increased their price objective on shares of Forterra from GBX 220 to GBX 250 and gave the company an "outperform" rating in a research report on Wednesday, July 30th. Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a GBX 320 price objective on shares of Forterra in a research note on Wednesday, July 30th. Jefferies Financial Group raised their price objective on Forterra from GBX 237 to GBX 261 and gave the stock a "buy" rating in a research note on Tuesday, August 5th. Citigroup raised their target price on Forterra from GBX 176 to GBX 210 and gave the company a "neutral" rating in a research note on Wednesday, July 30th. Finally, Peel Hunt reiterated an "add" rating and issued a GBX 190 target price on shares of Forterra in a research note on Tuesday, July 29th.

Forterra Stock Performance

Shares of LON:FORT opened at GBX 193.07 on Friday. The firm's 50-day moving average is GBX 195.15 and its 200 day moving average is GBX 182.38. The company has a market capitalization of £407.21 million, a price-to-earnings ratio of 2,609.07, a PEG ratio of 0.30 and a beta of 1.25. Forterra has a 12 month low of GBX 150 and a 12 month high of GBX 215. The company has a current ratio of 1.79, a quick ratio of 0.82 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 earnings per share (EPS) for the quarter. Forterra had a net margin of 2.46% and a return on equity of 3.76%. Research analysts predict that Forterra will post 11.9888346 EPS 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.