Berenberg Bank Reiterates Hold Rating for Forterra (LON:FORT)

Forterra (LON:FORT)‘s stock had its “hold” rating reaffirmed by equities research analysts at Berenberg Bank in a research note issued on Wednesday,Digital Look reports. They currently have a GBX 170 ($2.20) target price on the stock. Berenberg Bank’s price objective indicates a potential upside of 5.85% from the stock’s previous close.

A number of other research firms also recently weighed in on FORT. Deutsche Bank Aktiengesellschaft upped their target price on Forterra from GBX 260 ($3.37) to GBX 320 ($4.15) and gave the stock a “buy” rating in a report on Thursday, February 20th. Royal Bank of Canada boosted their price objective on shares of Forterra from GBX 210 ($2.72) to GBX 220 ($2.85) and gave the stock an “outperform” rating in a report on Thursday.

Forterra Price Performance

Shares of LON FORT opened at GBX 160.60 ($2.08) on Wednesday. The firm has a market cap of £329.84 million, a price-to-earnings ratio of 41.87, a price-to-earnings-growth ratio of 0.30 and a beta of 1.25. The stock has a fifty day simple moving average of GBX 158.89 and a two-hundred day simple moving average of GBX 170.97. The company has a current ratio of 1.79, a quick ratio of 0.82 and a debt-to-equity ratio of 59.58. Forterra has a 1-year low of GBX 146.40 ($1.90) and a 1-year high of GBX 200.50 ($2.60).

Forterra (LON:FORT) last posted its quarterly earnings data on Wednesday, March 12th. The company reported GBX 7.60 ($0.10) earnings per share (EPS) for the quarter. Forterra had a return on equity of 3.76% and a net margin of 2.46%. Analysts anticipate that Forterra will post 11.9888346 earnings per share for the current year.

Forterra Company Profile

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.