Forterra (LON:FORT) Receives “Hold” Rating from Jefferies Financial Group

Forterra (LON:FORT)‘s stock had its “hold” rating reissued by equities researchers at Jefferies Financial Group in a report released on Thursday, Digital Look reports. They currently have a GBX 162.60 ($2.06) price objective on the stock. Jefferies Financial Group’s price objective suggests a potential upside of 2.14% from the company’s current price.

Separately, Berenberg Bank restated a “hold” rating and set a GBX 170 ($2.16) price objective on shares of Forterra in a research note on Tuesday, May 21st.

Forterra Price Performance

Shares of FORT stock opened at GBX 159.20 ($2.02) on Thursday. The firm has a fifty day moving average of GBX 166.16 and a two-hundred day moving average of GBX 167.70. The firm has a market cap of £329.38 million, a P/E ratio of 2,650.00, a P/E/G ratio of 0.66 and a beta of 1.24. Forterra has a 1-year low of GBX 122.20 ($1.55) and a 1-year high of GBX 190.60 ($2.42). The company has a debt-to-equity ratio of 64.20, a current ratio of 1.56 and a quick ratio of 0.82.

About Forterra

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.