Jefferies Financial Group Forecasts Strong Price Appreciation for Forterra (LON:FORT) Stock

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 raised by Jefferies Financial Group from GBX 237 ($3.19) to GBX 261 ($3.51) in a report published on Tuesday, Marketbeat Ratings reports. Jefferies Financial Group currently has a buy rating on the stock.

Other equities analysts have also issued research reports about the stock. Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a GBX 320 ($4.30) target price on shares of Forterra in a report on Wednesday, July 30th. Royal Bank Of Canada boosted their price objective on shares of Forterra from GBX 220 ($2.96) to GBX 250 ($3.36) and gave the stock an "outperform" rating in a report on Wednesday, July 30th. Peel Hunt reiterated an "add" rating and issued a GBX 190 ($2.56) price objective on shares of Forterra in a report on Tuesday, July 29th. Finally, Citigroup boosted their target price 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 equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of GBX 233.50 ($3.14).

Forterra Trading Up 0.1%

Shares of FORT traded up GBX 0.20 ($0.00) during mid-day trading on Tuesday, reaching GBX 198.80 ($2.67). The company had a trading volume of 206,406 shares, compared to its average volume of 880,626. The stock has a market cap of £408.30 million, a price-to-earnings ratio of 51.83, a price-to-earnings-growth ratio of 0.30 and a beta of 1.25. The firm has a fifty day simple moving average of GBX 195.21 and a 200-day simple moving average of GBX 178.90. Forterra has a fifty-two week low of GBX 150 ($2.02) and a fifty-two week high of GBX 215 ($2.89). The company has a current ratio of 1.79, a quick ratio of 0.82 and a debt-to-equity ratio of 59.58.

Forterra (LON:FORT - Get Free Report) last announced 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 net margin of 2.46% and a return on equity of 3.76%. On average, sell-side analysts anticipate that Forterra will post 11.9888346 EPS for the current fiscal 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.