Forterra PLC (FORT) Receives Consensus Recommendation of “Buy” from Analysts
Shares of Forterra PLC (LON:FORT) have been assigned a consensus rating of “Buy” from the seven brokerages that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12 month target price among analysts that have covered the stock in the last year is GBX 344.17 ($4.75).
Several equities research analysts have issued reports on the stock. Citigroup reissued a “buy” rating on shares of Forterra in a research report on Tuesday, November 14th. Peel Hunt reissued a “buy” rating and issued a GBX 330 ($4.56) price objective on shares of Forterra in a research report on Wednesday, November 22nd. Numis Securities reissued an “add” rating and issued a GBX 335 ($4.63) price objective on shares of Forterra in a research report on Wednesday, November 22nd. Finally, Deutsche Bank reissued a “buy” rating on shares of Forterra in a research report on Monday, November 27th.
Forterra (LON FORT) opened at GBX 295.50 ($4.08) on Wednesday. Forterra has a 52 week low of GBX 193.50 ($2.67) and a 52 week high of GBX 307.75 ($4.25). The company has a market cap of $592.31 and a PE ratio of 1,343.18.
Forterra Company Profile
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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