Deutsche Bank reiterated their buy rating on shares of Forterra (LON:FORT) in a report released on Monday. They currently have a GBX 330 ($4.48) target price on the stock.
A number of other brokerages have also recently issued reports on FORT. Citigroup reiterated a buy rating on shares of Forterra in a research note on Tuesday, November 14th. Peel Hunt upped their target price on shares of Forterra from GBX 330 ($4.48) to GBX 350 ($4.75) and gave the company a buy rating in a research note on Wednesday, December 6th. Jefferies Group upped their target price on shares of Forterra from GBX 380 ($5.15) to GBX 390 ($5.29) and gave the company a buy rating in a research note on Tuesday, September 19th. Finally, Numis Securities restated an add rating and set a GBX 335 ($4.54) target price on shares of Forterra in a research note on Wednesday, November 22nd. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock has an average rating of Buy and an average price target of GBX 328.29 ($4.45).
Shares of Forterra (FORT) opened at GBX 293.15 ($3.98) on Monday. The firm has a market capitalization of $585.29 and a PE ratio of 1,332.50. Forterra has a fifty-two week low of GBX 170 ($2.31) and a fifty-two week high of GBX 307.75 ($4.17).
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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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