Deutsche Bank reiterated their buy rating on shares of Forterra (LON:FORT) in a research note issued to investors on Monday morning. The brokerage currently has a GBX 330 ($4.48) price objective on the stock.
A number of other brokerages have also recently commented on FORT. Citigroup reaffirmed a buy rating on shares of Forterra in a report 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 report 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 report on Tuesday, September 19th. Finally, Numis Securities reaffirmed an add rating and issued a GBX 335 ($4.54) target price 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 issued a buy rating to the stock. The stock has an average rating of Buy and an average price target of GBX 328.29 ($4.45).
Shares of Forterra (FORT) remained flat at $GBX 295 ($4.00) during trading hours on Monday. 611,149 shares of the stock traded hands, compared to its average volume of 172,505. Forterra has a 1-year low of GBX 170 ($2.31) and a 1-year high of GBX 307.75 ($4.17). The firm has a market capitalization of $590.30 and a PE ratio of 1,340.91.
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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