Forterra plc (LON:FORT) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Key Points

• Forterra plc has received a consensus recommendation of "Moderate Buy" from analysts, with six brokerages covering the stock, including two hold ratings and four buy ratings.
• The average 12-month target price set by analysts is GBX 241.83, with recent price objectives ranging from GBX 210 to GBX 320.
• Forterra reported a 5.80 EPS for the last quarter, indicating a return on equity of 3.76% and a net margin of 2.46%.

Forterra plc (LON:FORT - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the six brokerages that are presently covering the stock, MarketBeat Ratings 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 target price among analysts that have covered the stock in the last year is GBX 241.83.

FORT has been the topic of several research reports. Berenberg Bank restated a "hold" rating and set a GBX 220 price objective on shares of Forterra in a report on Monday, September 8th. Jefferies Financial Group raised their price objective on Forterra from GBX 237 to GBX 261 and gave the stock a "buy" rating in a report on Tuesday, August 5th. Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a GBX 320 price objective on shares of Forterra in a report on Wednesday, July 30th. Royal Bank Of Canada raised their price objective on Forterra from GBX 220 to GBX 250 and gave the stock an "outperform" rating in a report on Wednesday, July 30th. Finally, Citigroup raised their price objective on Forterra from GBX 176 to GBX 210 and gave the stock a "neutral" rating in a report on Wednesday, July 30th.

Forterra Trading Down 0.3%

Shares of LON FORT opened at GBX 187.40 on Wednesday. The company has a debt-to-equity ratio of 59.58, a quick ratio of 0.82 and a current ratio of 1.79. The business's 50 day moving average price is GBX 193.35 and its 200-day moving average price is GBX 186.31. Forterra has a fifty-two week low of GBX 150 and a fifty-two week high of GBX 215. The company has a market cap of £395.25 million, a price-to-earnings ratio of 2,532.43, a PEG ratio of 0.30 and a beta of 1.25.

Forterra (LON:FORT - Get Free Report) last released its quarterly earnings data 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, sell-side analysts expect that Forterra will post 11.9888346 earnings per share 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.

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