Forterra (LON:FORT) had its price objective reduced by research analysts at Berenberg Bank from GBX 310 ($4.05) to GBX 300 ($3.92) in a report released on Monday, ThisIsMoney.Co.Uk reports. The firm presently has a “hold” rating on the stock. Berenberg Bank’s price target would indicate a potential upside of 7.91% from the stock’s current price.
Separately, Peel Hunt reissued an “add” rating on shares of Forterra in a research report on Tuesday, October 22nd.
Shares of FORT stock opened at GBX 278 ($3.63) on Monday. The company’s fifty day simple moving average is GBX 280.43 and its 200-day simple moving average is GBX 284.20. The company has a quick ratio of 0.81, a current ratio of 1.20 and a debt-to-equity ratio of 58.64. The firm has a market cap of $557.23 million and a PE ratio of 10.41. Forterra has a 12 month low of GBX 207 ($2.70) and a 12 month high of GBX 407.50 ($5.32).
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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