Forterra’s (FORT) “Hold” Rating Reiterated at Berenberg Bank

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

FORT has been the topic of several other research reports. Deutsche Bank Aktiengesellschaft increased their target price on Forterra from GBX 260 ($3.37) to GBX 320 ($4.15) and gave the stock a “buy” rating in a research note on Thursday, February 20th. Royal Bank of Canada lifted 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 research report on Thursday.

Forterra Stock Up 1.0 %

FORT stock opened at GBX 160.60 ($2.08) on Wednesday. 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 one year low of GBX 146.40 ($1.90) and a one year high of GBX 200.50 ($2.60). The firm’s fifty day moving average is GBX 158.89 and its 200 day moving average is GBX 170.97. The firm has a market cap of £329.84 million, a PE ratio of 41.87, a P/E/G ratio of 0.30 and a beta of 1.25.

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