Forterra plc (LON:FORT) Given Average 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.

Shares of Forterra plc (LON:FORT - Get Free Report) have been given a consensus rating of "Moderate Buy" by the six research firms that are presently 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 target among brokerages that have covered the stock in the last year is GBX 241.83.

FORT has been the topic of several recent analyst reports. Berenberg Bank increased their target price on Forterra from GBX 170 to GBX 220 and gave the company a "hold" rating in a report on Tuesday, August 19th. Peel Hunt reissued an "add" rating and issued a GBX 190 target price on shares of Forterra in a report on Tuesday, July 29th. Jefferies Financial Group increased their target price on Forterra from GBX 237 to GBX 261 and gave the company a "buy" rating in a report on Tuesday, August 5th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a GBX 320 target price on shares of Forterra in a report on Wednesday, July 30th. Finally, Royal Bank Of Canada increased their target price on Forterra from GBX 220 to GBX 250 and gave the company an "outperform" rating in a report on Wednesday, July 30th.

Forterra Stock Up 0.8%

Shares of LON FORT traded up GBX 1.40 during mid-day trading on Friday, hitting GBX 187.60. The company had a trading volume of 295,726 shares, compared to its average volume of 829,819. The company has a market capitalization of £395.67 million, a PE ratio of 2,535.14, a price-to-earnings-growth ratio of 0.30 and a beta of 1.25. The company has a debt-to-equity ratio of 59.58, a current ratio of 1.79 and a quick ratio of 0.82. Forterra has a 1-year low of GBX 150 and a 1-year high of GBX 215. The business's 50-day simple moving average is GBX 194.78 and its 200 day simple moving average is GBX 183.23.

Forterra (LON:FORT - Get Free Report) last posted its earnings results on Tuesday, July 29th. The company reported GBX 5.80 EPS for the quarter. Forterra had a return on equity of 3.76% and a net margin of 2.46%. On average, analysts predict 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.