Forterra (LON:FORT) Stock Rating Reaffirmed by Peel Hunt

Peel Hunt reaffirmed their add rating on shares of Forterra (LON:FORT) in a research note published on Monday, Stock Target Advisor reports.

Separately, Berenberg Bank decreased their price objective on shares of Forterra from GBX 310 ($4.05) to GBX 300 ($3.92) and set a hold rating for the company in a research note on Monday, November 11th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of Hold and an average target price of GBX 326.25 ($4.26).

FORT traded up GBX 0.50 ($0.01) during trading on Monday, hitting GBX 275 ($3.59). 291,639 shares of the company’s stock were exchanged, compared to its average volume of 275,467. The company has a current ratio of 1.20, a quick ratio of 0.81 and a debt-to-equity ratio of 58.64. Forterra has a 1 year low of GBX 207 ($2.70) and a 1 year high of GBX 407.50 ($5.32). The stock has a 50 day moving average price of GBX 278.46 and a 200 day moving average price of GBX 282.92. The firm has a market cap of $562.49 million and a P/E ratio of 10.30.

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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