Forterra (LON:FORT) Posts Earnings Results

Forterra (LON:FORT) issued its quarterly earnings results on Wednesday. The company reported GBX 7.60 ($0.10) earnings per share for the quarter, Digital Look Earnings reports. Forterra had a net margin of 2.46% and a return on equity of 3.76%.

Forterra Price Performance

LON FORT opened at GBX 162.40 ($2.11) on Thursday. The company has a market cap of £333.54 million, a PE ratio of 42.34, a price-to-earnings-growth ratio of 0.30 and a beta of 1.25. Forterra has a 52 week low of GBX 146.40 ($1.90) and a 52 week high of GBX 200.50 ($2.60). 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 firm’s 50-day simple moving average is GBX 158.95 and its two-hundred day simple moving average is GBX 171.08.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft boosted their price target on shares of Forterra from GBX 260 ($3.37) to GBX 320 ($4.15) and gave the stock a “buy” rating in a report on Thursday, February 20th.

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.