Berenberg Bank Lowers Forterra (LON:FORT) Price Target to GBX 170

Forterra (LON:FORT – Get Free Report) had its target price decreased by investment analysts at Berenberg Bank from GBX 220 to GBX 170 in a research note issued on Wednesday,Digital Look reports. The brokerage presently has a “hold” rating on the stock. Berenberg Bank’s price target indicates a potential upside of 24.63% from the stock’s current price.

Separately, Jefferies Financial Group reduced their price target on Forterra from GBX 219 to GBX 204 and set a “buy” rating for the company in a research report on Monday, April 20th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of GBX 221.50.

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Forterra Stock Performance

Shares of LON FORT opened at GBX 136.40 on Wednesday. The stock has a 50 day moving average price of GBX 159.61 and a 200 day moving average price of GBX 174.27. Forterra has a 52 week low of GBX 132.80 and a 52 week high of GBX 215. The company has a debt-to-equity ratio of 34.75, a quick ratio of 0.82 and a current ratio of 1.46. The stock has a market capitalization of £284.00 million, a PE ratio of 17.05, a price-to-earnings-growth ratio of 0.30 and a beta of 0.75.

Forterra (LON:FORT – Get Free Report) last issued its quarterly earnings results on Wednesday, March 11th. The company reported GBX 12.60 EPS for the quarter. Forterra had a return on equity of 7.33% and a net margin of 4.40%. Analysts predict that Forterra will post 11.9888346 earnings per share for the current fiscal year.

About Forterra

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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.

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