Jefferies Financial Group Cuts Forterra (LON:FORT) Price Target to GBX 216

Forterra (LON:FORT) had its price target lowered by research analysts at Jefferies Financial Group from GBX 219 to GBX 216 in a report released on Monday,London Stock Exchange reports. The firm currently has a “buy” rating on the stock. Jefferies Financial Group’s target price suggests a potential upside of 18.94% from the company’s previous close.

Several other equities research analysts have also weighed in on the company. Royal Bank Of Canada lowered their price objective on Forterra from GBX 250 to GBX 220 and set an “outperform” rating on the stock in a research note on Wednesday, October 15th. Peel Hunt reaffirmed an “add” rating and issued a GBX 230 price target on shares of Forterra in a research note on Tuesday, November 11th. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of GBX 236.

Forterra Stock Performance

LON FORT opened at GBX 181.60 on Monday. Forterra has a twelve month low of GBX 150 and a twelve month high of GBX 215. The company has a quick ratio of 0.82, a current ratio of 1.79 and a debt-to-equity ratio of 59.58. The stock has a market cap of £383.02 million, a P/E ratio of 24.54, a PEG ratio of 0.30 and a beta of 1.25. The company’s 50-day simple moving average is GBX 180.93 and its 200 day simple moving average is GBX 184.62.

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.