Forterra’s (FORT) Hold Rating Reiterated at Berenberg Bank

Berenberg Bank reiterated their hold rating on shares of Forterra (LON:FORT) in a report released on Wednesday,Digital Look reports. They currently have a GBX 170 ($2.20) target price on the stock.

A number of other research analysts also recently weighed in on FORT. Royal Bank of Canada raised their price target on shares of Forterra from GBX 210 ($2.72) to GBX 220 ($2.85) and gave the company an “outperform” rating in a report on Thursday. Deutsche Bank Aktiengesellschaft raised their target price on Forterra from GBX 260 ($3.36) to GBX 320 ($4.14) and gave the company a “buy” rating in a report on Thursday, February 20th.

Forterra Stock Down 0.4 %

FORT stock opened at GBX 160 ($2.07) on Wednesday. The company has a 50 day moving average of GBX 158.87 and a two-hundred day moving average of GBX 170.88. The company has a quick ratio of 0.82, a current ratio of 1.79 and a debt-to-equity ratio of 59.58. Forterra has a 12-month low of GBX 146.40 ($1.89) and a 12-month high of GBX 200.50 ($2.59). The company has a market cap of £328.61 million, a price-to-earnings ratio of 41.71, a PEG ratio of 0.30 and a beta of 1.25.

Forterra (LON:FORT) last issued its earnings results on Wednesday, March 12th. The company reported GBX 7.60 ($0.10) earnings per share for the quarter. Forterra had a return on equity of 3.76% and a net margin of 2.46%. On average, 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.