Forterra plc (LON:FORT) Given Consensus Rating of “Moderate Buy” by Analysts

Forterra plc (LON:FORT) has been assigned a consensus rating of “Moderate Buy” from the six analysts that are covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is GBX 234.

FORT has been the topic of several recent analyst reports. Jefferies Financial Group cut their price objective on Forterra from GBX 219 to GBX 204 and set a “buy” rating on the stock in a report on Monday, April 20th. Berenberg Bank reiterated a “hold” rating and issued a GBX 220 target price on shares of Forterra in a report on Thursday, March 26th.

Forterra Stock Performance

Shares of LON FORT opened at GBX 160.90 on Thursday. The stock’s fifty day simple moving average is GBX 165.38 and its 200 day simple moving average is GBX 175.99. The stock has a market capitalization of £337.67 million, a price-to-earnings ratio of 20.11, a PEG ratio of 0.30 and a beta of 0.77. The company has a quick ratio of 0.82, a current ratio of 1.46 and a debt-to-equity ratio of 34.75. Forterra has a 52-week low of GBX 150.80 and a 52-week high of GBX 215.

Forterra (LON:FORT) last announced its 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%. As a group, sell-side analysts forecast that Forterra will post 11.9888346 earnings per share 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.