Forterra (LON:FORT) Stock Price Expected to Rise, Royal Bank of Canada Analyst Says

Forterra (LON:FORT - Get Free Report) had its price target boosted by analysts at Royal Bank of Canada from GBX 210 ($2.73) to GBX 220 ($2.86) in a research note issued to investors on Thursday,Digital Look reports. The firm currently has an "outperform" rating on the stock. Royal Bank of Canada's price target would suggest a potential upside of 35.80% from the company's previous close.

Separately, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Forterra from GBX 260 ($3.38) to GBX 320 ($4.16) and gave the stock a "buy" rating in a research report on Thursday, February 20th.

Forterra Stock Up 1.3 %

Shares of LON:FORT traded up GBX 2 ($0.03) during trading on Thursday, hitting GBX 162 ($2.10). The company's stock had a trading volume of 1,066,557 shares, compared to its average volume of 1,077,566. The company has a market capitalization of £332.72 million, a PE ratio of 42.23, a PEG ratio of 0.30 and a beta of 1.25. Forterra has a fifty-two week low of GBX 146.40 ($1.90) and a fifty-two week high of GBX 200.50 ($2.60). The company has a debt-to-equity ratio of 59.58, a quick ratio of 0.82 and a current ratio of 1.79. The stock's 50-day moving average price is GBX 158.78 and its two-hundred day moving average price is GBX 170.72.

Forterra (LON:FORT - Get Free Report) last announced its earnings results on Wednesday, March 12th. The company reported GBX 7.60 ($0.10) earnings per share (EPS) for the quarter. Forterra had a return on equity of 3.76% and a net margin of 2.46%. As a group, sell-side analysts expect that Forterra will post 11.9888346 EPS for the current year.

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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.