Jefferies Financial Group Reaffirms Buy Rating for Forterra (LON:FORT)

Forterra (LON:FORT)‘s stock had its “buy” rating reissued by equities researchers at Jefferies Financial Group in a research note issued to investors on Wednesday,London Stock Exchange reports. They currently have a GBX 204 target price on the stock. Jefferies Financial Group’s target price indicates a potential upside of 49.44% from the company’s current price.

A number of other analysts also recently issued reports on the stock. Berenberg Bank dropped their price target on shares of Forterra from GBX 220 to GBX 170 and set a “hold” rating on the stock in a report on Wednesday. Royal Bank Of Canada decreased their price objective on shares of Forterra from GBX 220 to GBX 195 and set an “outperform” rating for the company in a report on Wednesday. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of GBX 209.83.

Forterra Stock Down 2.4%

FORT stock opened at GBX 136.51 on Wednesday. Forterra has a 1-year low of GBX 132.80 and a 1-year high of GBX 215. The business has a fifty day moving average price of GBX 159.61 and a 200-day moving average price of GBX 174.27. The company has a debt-to-equity ratio of 34.75, a current ratio of 1.46 and a quick ratio of 0.82. The stock has a market capitalization of £284.23 million, a P/E ratio of 17.06, a P/E/G ratio of 0.30 and a beta of 0.75.

Forterra (LON:FORT) last announced its quarterly earnings results on Wednesday, March 11th. The company reported GBX 12.60 earnings per share (EPS) for the quarter. Forterra had a return on equity of 7.33% and a net margin of 4.40%. Equities 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.