Deutsche Bank Reiterates Buy Rating for Forterra (FORT)

Forterra (LON:FORT)‘s stock had its “buy” rating reissued by equities researchers at Deutsche Bank in a research report issued to clients and investors on Monday. They presently have a GBX 330 ($4.41) price target on the stock. Deutsche Bank’s price objective suggests a potential upside of 11.50% from the stock’s current price.

Several other brokerages have also recently commented on FORT. Numis Securities reiterated an “add” rating and issued a GBX 335 ($4.48) price target on shares of Forterra in a research report on Wednesday, November 22nd. Peel Hunt restated a “buy” rating and set a GBX 330 ($4.41) price objective on shares of Forterra in a report on Wednesday, November 22nd. Jefferies Group boosted their price objective on Forterra from GBX 380 ($5.08) to GBX 390 ($5.21) and gave the stock a “buy” rating in a report on Tuesday, September 19th. Finally, Citigroup restated a “buy” rating on shares of Forterra in a report on Tuesday, November 14th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. Forterra has a consensus rating of “Buy” and a consensus target price of GBX 328.29 ($4.39).

Shares of Forterra (LON FORT) opened at GBX 295.97 ($3.96) on Monday. Forterra has a 1 year low of GBX 170 ($2.27) and a 1 year high of GBX 307.75 ($4.11). The company has a market cap of $592.31 and a PE ratio of 1,345.32.

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Forterra Company Profile

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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