Peel Hunt Reiterates Add Rating for Forterra (LON:FORT)

Forterra (LON:FORT)‘s stock had its “add” rating reissued by equities researchers at Peel Hunt in a research note issued on Thursday, ThisIsMoney.Co.Uk reports.

A number of other equities analysts also recently issued reports on the company. Jefferies Financial Group upped their price target on Forterra from GBX 337 ($4.43) to GBX 416 ($5.47) and gave the company a “buy” rating in a report on Wednesday, February 5th. Canaccord Genuity reaffirmed a “buy” rating and issued a GBX 330 ($4.34) price target on shares of Forterra in a report on Tuesday, November 19th. Deutsche Bank reaffirmed a “buy” rating on shares of Forterra in a report on Thursday, January 23rd. Finally, Berenberg Bank upped their price target on Forterra from GBX 300 ($3.95) to GBX 340 ($4.47) and gave the company a “hold” rating in a report on Friday, January 24th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Forterra currently has an average rating of “Buy” and an average price target of GBX 356 ($4.68).

Shares of FORT opened at GBX 357.50 ($4.70) on Thursday. The stock has a 50 day moving average price of GBX 343.25 and a 200 day moving average price of GBX 297.51. The company has a quick ratio of 0.81, a current ratio of 1.20 and a debt-to-equity ratio of 58.64. The company has a market capitalization of $716.58 million and a price-to-earnings ratio of 13.39. Forterra has a 52-week low of GBX 244.50 ($3.22) and a 52-week high of GBX 407.50 ($5.36).

In other news, insider Ben Guyatt sold 7,800 shares of the firm’s stock in a transaction on Sunday, December 1st. The stock was sold at an average price of GBX 289 ($3.80), for a total value of £22,542 ($29,652.72).

Forterra Company Profile

Forterra plc manufactures and sells masonry products in the United Kingdom. It operates through three segments: Bricks, Blocks, and Bespoke Products. The company offers bricks; aircrete and aggregate blocks; and bespoke products comprising precast concrete flooring, concrete block paving, and chimney and roofing components, as well as other building products under the London Brick, Butterley Brick, Ecostock, Cradley, Thermalite, Conbloc, Bison Precast, Jetfloor, Red Bank, and Formpave brand names.

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Analyst Recommendations for Forterra (LON:FORT)

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