Forterra plc (LON:FORT) Receives GBX 236 Average PT from Analysts

Forterra plc (LON:FORT) has been assigned a consensus recommendation of “Moderate Buy” from the six research firms that are currently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is GBX 236.

A number of research firms recently commented on FORT. Jefferies Financial Group lowered their price target on shares of Forterra from GBX 219 to GBX 216 and set a “buy” rating on the stock in a report on Monday, February 9th. Peel Hunt reissued an “add” rating and issued a GBX 230 target price on shares of Forterra in a research report on Tuesday, November 11th.

Forterra Stock Performance

Shares of FORT stock opened at GBX 190.60 on Friday. The company has a debt-to-equity ratio of 59.58, a quick ratio of 0.82 and a current ratio of 1.79. The firm has a market cap of £402.00 million, a price-to-earnings ratio of 25.76, a P/E/G ratio of 0.30 and a beta of 1.25. Forterra has a 52 week low of GBX 150 and a 52 week high of GBX 215. The firm’s 50-day simple moving average is GBX 183.78 and its two-hundred day simple moving average is GBX 184.16.

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.