Forterra’s (FORT) Add Rating Reiterated at Peel Hunt

Forterra (LON:FORT)‘s stock had its “add” rating reiterated by Peel Hunt in a research report issued to clients and investors on Tuesday, MarketBeat.com reports. They presently have a GBX 190 ($2.52) target price on the stock. Peel Hunt’s target price indicates a potential downside of 6.21% from the stock’s previous close.

Forterra Stock Performance

Shares of LON:FORT opened at GBX 202.58 ($2.69) on Tuesday. The company has a debt-to-equity ratio of 59.58, a current ratio of 1.79 and a quick ratio of 0.82. Forterra has a 1 year low of GBX 150 ($1.99) and a 1 year high of GBX 215 ($2.85). The firm has a market capitalization of £416.06 million, a PE ratio of 52.81, a P/E/G ratio of 0.30 and a beta of 1.25. The business’s 50 day moving average price is GBX 194.18 and its 200-day moving average price is GBX 176.77.

Forterra (LON:FORT) last posted its quarterly earnings results on Tuesday, July 29th. The company reported GBX 5.80 ($0.08) EPS for the quarter. Forterra had a return on equity of 3.76% and a net margin of 2.46%. As a group, equities research analysts expect that Forterra will post 11.9888346 earnings per share 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.