Forterra PLC (FORT) Receives GBX 344.17 Consensus Target Price from Brokerages

Forterra PLC (LON:FORT) has earned an average rating of “Buy” from the seven research firms that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is GBX 344.17 ($4.75).

A number of research analysts recently issued reports on the stock. Numis Securities restated an “add” rating and set a GBX 335 ($4.63) target price on shares of Forterra in a research report on Tuesday, February 6th. Deutsche Bank restated a “buy” rating and set a GBX 330 ($4.56) target price on shares of Forterra in a research report on Tuesday, January 30th. Peel Hunt boosted their target price on shares of Forterra from GBX 330 ($4.56) to GBX 350 ($4.84) and gave the company a “buy” rating in a research report on Wednesday, December 6th. Finally, Citigroup restated a “buy” rating on shares of Forterra in a research report on Tuesday, November 14th.

Forterra (LON:FORT) traded up GBX 1 ($0.01) during midday trading on Friday, reaching GBX 282 ($3.90). 83,040 shares of the company were exchanged, compared to its average volume of 365,890. The firm has a market capitalization of $565.25 and a P/E ratio of 1,281.82. Forterra has a 52 week low of GBX 190.75 ($2.64) and a 52 week high of GBX 307.75 ($4.25).

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About Forterra

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.

Analyst Recommendations for Forterra (LON:FORT)

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