Royal Bank of Canada Increases Forterra (LON:FORT) Price Target to GBX 220

Forterra (LON:FORT) had its target price raised by research analysts at Royal Bank of Canada from GBX 210 ($2.72) to GBX 220 ($2.85) in a research note issued on Thursday,Digital Look reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank of Canada’s price objective would indicate a potential upside of 37.50% from the stock’s previous close.

Separately, Deutsche Bank Aktiengesellschaft upped 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 Trading Down 0.4 %

LON:FORT opened at GBX 160 ($2.07) on Thursday. The stock has a fifty day moving average price of GBX 158.87 and a two-hundred day moving average price of GBX 170.88. The stock has a market capitalization of £328.61 million, a price-to-earnings ratio of 41.71, a PEG 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. Forterra has a 1 year low of GBX 146.40 ($1.89) and a 1 year high of GBX 200.50 ($2.59).

Forterra (LON:FORT) last posted 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%. As a group, sell-side 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.