Forterra's (FORT) Hold Rating Reaffirmed at Berenberg Bank

Key Points

• Berenberg Bank has reaffirmed a "hold" rating for Forterra (LON:FORT) with a price target of GBX 220, indicating a potential upside of 14.7% from its previous close.
• Various analysts have different ratings and price targets for Forterra, with Royal Bank of Canada raising its target from GBX 220 to GBX 250, while Deutsche Bank set a target of GBX 320 with a "buy" rating.
• Forterra reported earnings of GBX 5.80 per share for the quarter, with expectations of approximately 12 earnings per share during the current fiscal year.

Berenberg Bank reiterated their hold rating on shares of Forterra (LON:FORT - Free Report) in a report published on Monday morning, MarketBeat.com reports. Berenberg Bank currently has a GBX 220 target price on the stock.

Other equities analysts have also issued reports about the company. Peel Hunt reaffirmed an "add" rating and issued a GBX 190 price objective on shares of Forterra in a research note on Tuesday, July 29th. Citigroup lifted their price objective on Forterra from GBX 176 to GBX 210 and gave the stock a "neutral" rating in a research note on Wednesday, July 30th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and issued a GBX 320 target price on shares of Forterra in a report on Wednesday, July 30th. Jefferies Financial Group lifted their target price on Forterra from GBX 237 to GBX 261 and gave the stock a "buy" rating in a report on Tuesday, August 5th. Finally, Royal Bank Of Canada lifted their target price on Forterra from GBX 220 to GBX 250 and gave the stock an "outperform" rating in a report on Wednesday, July 30th. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of GBX 241.83.

Forterra Trading Up 0.1%

Shares of FORT stock traded up GBX 0.20 during mid-day trading on Monday, reaching GBX 191.80. 111,650 shares of the stock traded hands, compared to its average volume of 890,447. The stock's fifty day simple moving average is GBX 194.31 and its two-hundred day simple moving average is GBX 184.39. The company has a quick ratio of 0.82, a current ratio of 1.79 and a debt-to-equity ratio of 59.58. The company has a market cap of £404.53 million, a price-to-earnings ratio of 2,591.89, a price-to-earnings-growth ratio of 0.30 and a beta of 1.25. Forterra has a 1-year low of GBX 150 and a 1-year high of GBX 215.

Forterra (LON:FORT - Get Free Report) last posted 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, research analysts anticipate that Forterra will post 11.9888346 EPS for the current fiscal 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.