Forterra (LON:FORT) Price Target Raised to GBX 320 at Deutsche Bank Aktiengesellschaft

Forterra (LON:FORT - Free Report) had its price objective lifted by Deutsche Bank Aktiengesellschaft from GBX 260 ($3.28) to GBX 320 ($4.04) in a research report report published on Thursday morning, Marketbeat Ratings reports. Deutsche Bank Aktiengesellschaft currently has a buy rating on the stock.

Forterra Stock Performance

Shares of FORT traded up GBX 1.40 ($0.02) during mid-day trading on Thursday, reaching GBX 157.40 ($1.99). 432,876 shares of the company's stock were exchanged, compared to its average volume of 750,959. 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 business's fifty day simple moving average is GBX 161.15 and its 200-day simple moving average is GBX 172.19. Forterra has a 52-week low of GBX 146.40 ($1.85) and a 52-week high of GBX 200.50 ($2.53). The stock has a market capitalization of £323.27 million, a PE ratio of 41.03, a price-to-earnings-growth ratio of 0.30 and a beta of 1.25.

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.