Forterra (LON:FORT) Earns Buy Rating from Deutsche Bank Aktiengesellschaft

Key Points

• Deutsche Bank Aktiengesellschaft has reaffirmed a "Buy" rating for Forterra (LON:FORT) with a price target of GBX 320 ($4.27), indicating a potential upside of 58.42%.
• Other financial institutions, including Royal Bank of Canada and Citigroup, have also adjusted their price objectives for Forterra, ranging from GBX 210 ($2.80) to GBX 250 ($3.34) with varying ratings.
• Forterra's stock is currently trading at GBX 202 ($2.70) and has reported earnings per share (EPS) of GBX 5.80 ($0.08) for the last quarter.

Deutsche Bank Aktiengesellschaft restated their buy rating on shares of Forterra (LON:FORT - Free Report) in a research note issued to investors on Wednesday, Marketbeat Ratings reports. The brokerage currently has a GBX 320 ($4.25) target price on the stock.

Several other research analysts have also recently issued reports on FORT. Royal Bank Of Canada upped their price objective on Forterra from GBX 220 ($2.92) to GBX 250 ($3.32) and gave the stock an "outperform" rating in a research report on Wednesday. Citigroup upped their price objective on Forterra from GBX 176 ($2.34) to GBX 210 ($2.79) and gave the stock a "neutral" rating in a research report on Wednesday. Finally, Peel Hunt reissued an "add" rating and issued a GBX 190 ($2.52) target price on shares of Forterra in a research report on Tuesday, July 29th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of GBX 228 ($3.03).

Forterra Stock Down 1.9%

LON FORT traded down GBX 3.90 ($0.05) during trading hours on Wednesday, hitting GBX 197.60 ($2.62). 22,065,154 shares of the company were exchanged, compared to its average volume of 1,030,974. The company has a 50 day moving average of GBX 194.87 and a two-hundred day moving average of GBX 177.55. 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 has a 52-week low of GBX 150 ($1.99) and a 52-week high of GBX 215 ($2.85). The firm has a market cap of £405.83 million, a price-to-earnings ratio of 51.51, a PEG ratio of 0.30 and a beta of 1.25.

Forterra (LON:FORT - Get Free Report) last issued its quarterly 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 anticipate 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.