Forterra (LON:FORT) Given New GBX 220 Price Target at Royal Bank Of Canada

Forterra (LON:FORT) had its target price trimmed by Royal Bank Of Canada from GBX 250 to GBX 220 in a research note released on Wednesday morning, MarketBeat Ratings reports. The brokerage currently has an outperform rating on the stock.

Other equities research analysts also recently issued research reports about the company. Peel Hunt reissued an “add” rating and issued a GBX 190 price objective on shares of Forterra in a report on Tuesday, July 29th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 320 price objective on shares of Forterra in a report on Wednesday, July 30th. Jefferies Financial Group increased their price objective on Forterra from GBX 237 to GBX 261 and gave the company a “buy” rating in a report on Tuesday, August 5th. Berenberg Bank reissued a “hold” rating and issued a GBX 220 price objective on shares of Forterra in a report on Monday, September 8th. Finally, Citigroup increased their price objective on Forterra from GBX 176 to GBX 210 and gave the company a “neutral” rating in a report on Wednesday, July 30th. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of GBX 236.83.

Forterra Trading Down 1.2%

LON FORT opened at GBX 174.60 on Wednesday. The company has a market cap of £368.26 million, a PE ratio of 2,359.46, a PEG ratio of 0.30 and a beta of 1.25. 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 has a 12 month low of GBX 150 and a 12 month high of GBX 215. The stock has a 50 day moving average of GBX 189.17 and a 200-day moving average of GBX 188.65.

Forterra (LON:FORT) last released its quarterly earnings data on Tuesday, July 29th. The company reported GBX 5.80 EPS for the quarter. Forterra had a return on equity of 3.76% and a net margin of 2.46%. On average, equities research analysts anticipate that Forterra will post 11.9888346 EPS for the current fiscal 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.