Forterra (LON:FORT) Given Hold Rating at Berenberg Bank

Berenberg Bank restated their hold rating on shares of Forterra (LON:FORT - Free Report) in a research report sent to investors on Wednesday,Digital Look reports. The firm currently has a GBX 170 ($2.21) target price on the stock.

Several other research analysts have also recently issued reports on FORT. Deutsche Bank Aktiengesellschaft upped their price target on Forterra from GBX 260 ($3.38) to GBX 320 ($4.16) and gave the company a "buy" rating in a report on Thursday, February 20th. Royal Bank of Canada upped their target price on Forterra from GBX 210 ($2.73) to GBX 220 ($2.86) and gave the company an "outperform" rating in a report on Thursday.

Forterra Price Performance

Shares of FORT traded up GBX 2 ($0.03) during midday trading on Wednesday, reaching GBX 162 ($2.10). The stock had a trading volume of 1,066,557 shares, compared to its average volume of 1,077,566. The company has a debt-to-equity ratio of 59.58, a current ratio of 1.79 and a quick ratio of 0.82. The company has a market capitalization of £332.72 million, a P/E ratio of 42.23, a P/E/G ratio of 0.30 and a beta of 1.25. The firm's 50 day moving average price is GBX 158.78 and its 200-day moving average price is GBX 170.72. Forterra has a 52 week low of GBX 146.40 ($1.90) and a 52 week high of GBX 200.50 ($2.60).

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Forterra (LON:FORT - Get Free Report) last issued its quarterly earnings results on Wednesday, March 12th. The company reported GBX 7.60 ($0.10) earnings per share for the quarter. Forterra had a net margin of 2.46% and a return on equity of 3.76%. On average, analysts forecast that Forterra will post 11.9888346 earnings per share for the current fiscal 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.