Forterra PLC (LON:FORT) Price Target Increased to GBX 340 by Analysts at Berenberg Bank
Forterra PLC (LON:FORT) had its price target lifted by investment analysts at Berenberg Bank from GBX 320 ($4.17) to GBX 340 ($4.43) in a research report issued on Tuesday. The brokerage presently has a “buy” rating on the stock. Berenberg Bank’s price objective suggests a potential upside of 21.75% from the company’s current price.
A number of other equities research analysts have also issued reports on FORT. BNP Paribas reaffirmed an “outperform” rating and issued a GBX 300 ($3.91) price target on shares of Forterra PLC in a research report on Thursday, May 18th. Peel Hunt increased their price target on Forterra PLC from GBX 260 ($3.39) to GBX 330 ($4.30) and gave the company a “buy” rating in a research report on Monday, June 19th. Deutsche Bank AG increased their price target on Forterra PLC from GBX 272 ($3.54) to GBX 327 ($4.26) and gave the company a “buy” rating in a research report on Monday, June 26th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and issued a GBX 370 ($4.82) price target on shares of Forterra PLC in a research report on Monday, June 26th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of GBX 293.75 ($3.83).
Forterra PLC (LON FORT) opened at 279.25 on Tuesday. The company’s market capitalization is GBX 558.50 million. Forterra PLC has a one year low of GBX 140.00 and a one year high of GBX 279.75. The firm has a 50-day moving average of GBX 262.33 and a 200-day moving average of GBX 229.31.
About Forterra PLC
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.
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