Forterra (LON:FORT) Stock Price Expected to Rise, Berenberg Bank Analyst Says

Forterra (LON:FORT) had its price objective hoisted by investment analysts at Berenberg Bank from GBX 170 to GBX 220 in a note issued to investors on Tuesday, Marketbeat Ratings reports. The brokerage presently has a “hold” rating on the stock. Berenberg Bank’s target price suggests a potential upside of 13.52% from the stock’s current price.

A number of other equities research analysts have also recently weighed in on the stock. Jefferies Financial Group lifted their price target on shares of Forterra from GBX 237 to GBX 261 and gave the company a “buy” rating in a research report on Tuesday, August 5th. Royal Bank Of Canada lifted their price target on shares of Forterra from GBX 220 to GBX 250 and gave the company an “outperform” rating in a research report on Wednesday, July 30th. Peel Hunt reiterated an “add” rating and set a GBX 190 price target on shares of Forterra in a research report on Tuesday, July 29th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 320 price target on shares of Forterra in a research report on Wednesday, July 30th. Finally, Citigroup lifted their price target on shares of Forterra from GBX 176 to GBX 210 and gave the company a “neutral” rating in a research report on Wednesday, July 30th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of GBX 241.83.

Forterra Price Performance

Forterra stock opened at GBX 193.80 on Tuesday. Forterra has a 12-month low of GBX 150 and a 12-month high of GBX 215. The stock has a market cap of £398.03 million, a P/E ratio of 50.52, a PEG ratio of 0.30 and a beta of 1.25. The company has a 50-day moving average price of GBX 194.82 and a 200 day moving average price of GBX 180.92. 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) last released its quarterly earnings data on Tuesday, July 29th. The company reported GBX 5.80 earnings per share (EPS) for the quarter. Forterra had a net margin of 2.46% and a return on equity of 3.76%. Sell-side analysts anticipate 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.