Forterra (LON:FORT) Price Target Raised to GBX 320

Forterra (LON:FORT) had its price objective increased by Deutsche Bank Aktiengesellschaft from GBX 260 ($3.29) to GBX 320 ($4.05) in a research report sent to investors on Thursday, Marketbeat Ratings reports. Deutsche Bank Aktiengesellschaft currently has a buy rating on the stock.

Forterra Stock Up 0.4 %

Shares of LON FORT opened at GBX 156.60 ($1.98) on Thursday. Forterra has a 52 week low of GBX 146.40 ($1.86) and a 52 week high of GBX 200.50 ($2.54). The business has a 50-day simple moving average of GBX 161.56 and a two-hundred day simple moving average of GBX 172.34. The company has a quick ratio of 0.82, a current ratio of 1.79 and a debt-to-equity ratio of 59.58. The company has a market cap of £321.63 million, a P/E ratio of 40.83, a P/E/G ratio of 0.30 and a beta of 1.25.

Forterra Company Profile

Forterra is a leading UK manufacturer of essential clay and concrete building products, with a unique combination of strong market positions in clay bricks, concrete blocks and precast concrete flooring. Our heritage dates back many decades and the durability, longevity and inherent sustainability of our products is evident in the construction of buildings that last for generations; wherever you are in Britain, you won’t be far from a building with a Forterra product within its fabric.

Our clay brick business combines our extensive secure mineral reserves with modern and efficient high-volume manufacturing processes to produce large quantities of extruded and soft mud bricks, primarily for the new build housing market.