Forterra (LON:FORT) had its price target boosted by equities researchers at Peel Hunt from GBX 330 ($4.44) to GBX 350 ($4.71) in a note issued to investors on Wednesday, December 6th. The firm currently has a “buy” rating on the stock. Peel Hunt’s target price indicates a potential upside of 23.57% from the stock’s current price.
Several other research analysts have also recently weighed in on FORT. Berenberg Bank upped their price target on shares of Forterra from GBX 320 ($4.31) to GBX 340 ($4.58) and gave the stock a “buy” rating in a report on Tuesday, August 8th. Deutsche Bank reaffirmed a “buy” rating on shares of Forterra in a report on Monday, August 14th. Jefferies Group upped their price target on shares of Forterra from GBX 380 ($5.11) to GBX 390 ($5.25) and gave the stock a “buy” rating in a report on Tuesday, September 19th. Citigroup reaffirmed a “buy” rating on shares of Forterra in a report on Tuesday, November 14th. Finally, Numis Securities reaffirmed an “add” rating and issued a GBX 335 ($4.51) price target on shares of Forterra in a report on Wednesday, November 22nd. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of GBX 327.86 ($4.41).
Shares of Forterra (LON:FORT) opened at GBX 283.25 ($3.81) on Wednesday. Forterra has a twelve month low of GBX 169 ($2.27) and a twelve month high of GBX 307.75 ($4.14).
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Forterra plc is a producer of manufactured masonry products. The Company is also a manufacturer of building products for the United Kingdom construction industry. The Company’s segments include Bricks, Blocks and Bespoke Products. The Company’s product range consists of clay bricks, Thermalite blocks, aggregate blocks, Red Bank chimney, roofing and flue systems, precast concrete and flooring products, and Formpave permeable block paving.
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