Forterra (LON:FORT) Given New GBX 261 Price Target at Jefferies Financial Group

Key Points

• Jefferies Financial Group has raised its target price for Forterra (LON:FORT) from GBX 237 to GBX 261, indicating a potential upside of 31.51%.
• Forterra's stock currently holds a "Moderate Buy" rating with an average price target of GBX 233.50 based on multiple analysts' recommendations.
• Forterra reported earnings of GBX 5.80 per share for the latest quarter, with a return on equity of 3.76% and a net margin of 2.46%.

Forterra (LON:FORT - Free Report) had its price target hoisted by Jefferies Financial Group from GBX 237 ($3.19) to GBX 261 ($3.51) in a report issued on Tuesday, MarketBeat Ratings reports. They currently have a buy rating on the stock.

A number of other analysts have also issued reports on FORT. Royal Bank Of Canada lifted their target price on Forterra from GBX 220 ($2.96) to GBX 250 ($3.36) and gave the stock an "outperform" rating in a research report on Wednesday, July 30th. Peel Hunt reiterated an "add" rating and set a GBX 190 ($2.56) price objective on shares of Forterra in a research note on Tuesday, July 29th. Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a GBX 320 ($4.30) price objective on shares of Forterra in a research note on Wednesday, July 30th. Finally, Citigroup raised their price target on shares of Forterra from GBX 176 ($2.37) to GBX 210 ($2.82) and gave the stock a "neutral" rating in a research report on Wednesday, July 30th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of GBX 233.50 ($3.14).

Forterra Trading Up 1.0%

FORT stock traded up GBX 1.93 ($0.03) on Tuesday, hitting GBX 197.33 ($2.65). 2,250,703 shares of the company were exchanged, compared to its average volume of 885,062. Forterra has a twelve month low of GBX 150 ($2.02) and a twelve month high of GBX 215 ($2.89). The stock has a market capitalization of £405.28 million, a price-to-earnings ratio of 51.44, 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. The business's fifty day moving average is GBX 195.17 and its two-hundred day moving average is GBX 178.76.

Forterra (LON:FORT - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The company reported GBX 5.80 ($0.08) earnings per share (EPS) for the quarter. Forterra had a net margin of 2.46% and a return on equity of 3.76%. As a group, research analysts forecast 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.