Forterra plc (LON:FORT) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Forterra plc (LON:FORT) have earned a consensus recommendation of “Moderate Buy” from the six brokerages that are currently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is GBX 236.

Separately, Jefferies Financial Group lowered their price target on shares of Forterra from GBX 219 to GBX 216 and set a “buy” rating on the stock in a report on Monday, February 9th.

Forterra Stock Up 0.3%

Shares of FORT stock opened at GBX 160 on Wednesday. The company has a current ratio of 1.46, a quick ratio of 0.82 and a debt-to-equity ratio of 34.75. The stock has a market cap of £337.46 million, a P/E ratio of 21.62, a P/E/G ratio of 0.30 and a beta of 0.67. Forterra has a 12 month low of GBX 152.20 and a 12 month high of GBX 215. The company has a 50 day simple moving average of GBX 178.40 and a two-hundred day simple moving average of GBX 181.06.

Forterra (LON:FORT) last released its earnings results on Wednesday, March 11th. The company reported GBX 12.60 earnings per share for the quarter. Forterra had a return on equity of 7.33% and a net margin of 4.40%. On average, research analysts expect that Forterra will post 11.9888346 earnings per share for the current 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.