Royal Bank of Canada Initiates Coverage on Forterra (LON:FORT)

Stock analysts at Royal Bank of Canada initiated coverage on shares of Forterra (LON:FORT) in a report released on Thursday, Digital Look reports. The brokerage set an “outperform” rating and a GBX 210 ($2.66) price target on the stock. Royal Bank of Canada’s price objective points to a potential upside of 21.25% from the stock’s current price.

Other analysts also recently issued reports about the stock. Berenberg Bank reissued a “hold” rating and set a GBX 170 ($2.15) price objective on shares of Forterra in a research report on Tuesday, May 21st. Jefferies Financial Group reiterated a “hold” rating and set a GBX 162.60 ($2.06) price target on shares of Forterra in a report on Thursday, June 27th.

Forterra Stock Up 5.4 %

FORT stock opened at GBX 173.20 ($2.19) on Thursday. The company has a quick ratio of 0.82, a current ratio of 1.56 and a debt-to-equity ratio of 64.20. The business has a 50 day moving average of GBX 166.51 and a 200 day moving average of GBX 167.73. Forterra has a twelve month low of GBX 122.20 ($1.55) and a twelve month high of GBX 190.60 ($2.41). The firm has a market cap of £358.35 million, a PE ratio of 2,896.67, a price-to-earnings-growth ratio of 0.66 and a beta of 1.24.

Forterra Company Profile

Forterra plc engages in the manufacture and sale of building products in the United Kingdom. The company operates through three segments: Bricks, Blocks, and Bespoke Products. It offers bricks; aircrete and aggregate blocks for internal and external applications, such as foundations, floors and walls, and detailing; bespoke precast concrete products comprising jetfloor, hollowcore, beam and block, and flooring, as well as box culverts, omnia bridge decks, and retaining walls for infrastructure; and crosswall frames, stairs and landings, stadia components, and columns and beams for structural projects.