Forterra (LON:FORT) Given “Add” Rating at Peel Hunt

Peel Hunt restated their add rating on shares of Forterra (LON:FORT) in a research note released on Monday, ThisIsMoney.Co.Uk reports. The brokerage currently has a GBX 360 ($4.74) price target on the stock, up from their prior price target of GBX 325 ($4.28).

A number of other research firms also recently issued reports on FORT. Deutsche Bank began coverage on shares of Forterra in a research note on Friday, December 6th. They issued a buy rating and a GBX 340 ($4.47) price target for the company. Canaccord Genuity reissued a buy rating and issued a GBX 330 ($4.34) price target on shares of Forterra in a research note on Tuesday, November 19th. Jefferies Financial Group raised shares of Forterra to a buy rating and increased their price target for the stock from GBX 258 ($3.39) to GBX 337 ($4.43) in a research note on Monday, December 2nd. Finally, Berenberg Bank decreased their price target on shares of Forterra from GBX 310 ($4.08) to GBX 300 ($3.95) and set a hold rating for the company in a research note on Monday, November 11th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of Buy and an average price target of GBX 336.17 ($4.42).

FORT stock opened at GBX 336 ($4.42) on Monday. Forterra has a 1 year low of GBX 244.50 ($3.22) and a 1 year high of GBX 407.50 ($5.36). The company has a market cap of $673.49 million and a P/E ratio of 12.58. The firm has a 50-day moving average of GBX 334.21 and a 200 day moving average of GBX 292.11. The company has a debt-to-equity ratio of 58.64, a current ratio of 1.20 and a quick ratio of 0.81.

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

About Forterra

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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