Forterra’s (FORT) “Buy” Rating Reaffirmed at Citigroup

Forterra (LON:FORT)‘s stock had its “buy” rating reiterated by stock analysts at Citigroup in a research report issued on Monday. They presently have a GBX 342 ($4.73) target price on the stock. Citigroup’s price target would indicate a potential upside of 12.32% from the company’s current price.

Several other research firms have also commented on FORT. Peel Hunt reaffirmed a “buy” rating and issued a GBX 350 ($4.84) price target on shares of Forterra in a report on Wednesday, March 14th. Deutsche Bank reaffirmed a “buy” rating and issued a GBX 330 ($4.56) price target on shares of Forterra in a report on Tuesday, January 30th. Numis Securities reaffirmed an “add” rating and issued a GBX 335 ($4.63) price target on shares of Forterra in a report on Wednesday, March 14th. Finally, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 340 ($4.70) price target on shares of Forterra in a report on Friday, March 16th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. Forterra currently has a consensus rating of “Buy” and an average target price of GBX 348.13 ($4.81).

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Shares of Forterra stock opened at GBX 304.50 ($4.21) on Monday. Forterra has a 1-year low of GBX 193.50 ($2.67) and a 1-year high of GBX 307.75 ($4.25). The company has a market cap of $594.31 and a price-to-earnings ratio of 1,323.91.

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About Forterra

Forterra plc is a producer of manufactured masonry products. The Company is also a manufacturer of building products for the United Kingdom construction industry. The Company’s segments include Bricks, Blocks and Bespoke Products. The Company’s product range consists of clay bricks, Thermalite blocks, aggregate blocks, Red Bank chimney, roofing and flue systems, precast concrete and flooring products, and Formpave permeable block paving.

Analyst Recommendations for Forterra (LON:FORT)

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