Berenberg Bank Reiterates Hold Rating for Forterra (LON:FORT)

Forterra (LON:FORT)‘s stock had its “hold” rating reaffirmed by stock analysts at Berenberg Bank in a research note issued to investors on Thursday, Marketbeat Ratings reports. They currently have a GBX 220 price objective on the stock. Berenberg Bank’s price objective would indicate a potential upside of 38.49% from the stock’s previous close.

Separately, Jefferies Financial Group dropped their price objective on Forterra from GBX 219 to GBX 216 and set a “buy” rating on the stock in a research note on Monday, February 9th. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of GBX 236.

Forterra Stock Performance

Shares of Forterra stock opened at GBX 158.86 on Thursday. The company has a market cap of £335.05 million, a PE ratio of 21.47, a price-to-earnings-growth ratio of 0.30 and a beta of 0.67. Forterra has a 52 week low of GBX 152.20 and a 52 week high of GBX 215. The business has a 50 day moving average price of GBX 178.06 and a 200-day moving average price of GBX 180.92. 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 (LON:FORT) last posted its earnings results on Wednesday, March 11th. The company reported GBX 12.60 earnings per share for the quarter. Forterra had a return on equity of 7.33% and a net margin of 4.40%. Equities analysts anticipate 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.