Deutsche Bank Aktiengesellschaft Forecasts Strong Price Appreciation for Forterra (LON:FORT) Stock

Forterra (LON:FORT) had its price objective lifted by analysts at Deutsche Bank Aktiengesellschaft from GBX 260 ($3.28) to GBX 320 ($4.04) in a report issued on Thursday, MarketBeat.com reports. The brokerage currently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s price target points to a potential upside of 103.30% from the company’s current price.

Forterra Stock Up 0.9 %

Shares of LON:FORT opened at GBX 157.40 ($1.99) on Thursday. Forterra has a 52-week low of GBX 146.40 ($1.85) and a 52-week high of GBX 200.50 ($2.53). The company has a market capitalization of £323.27 million, a PE ratio of 41.03, a price-to-earnings-growth ratio of 0.30 and a beta of 1.25. 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 company has a fifty day moving average of GBX 161.15 and a 200-day moving average of GBX 172.20.

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.