Forterra (LON:FORT) Stock Price Expected to Rise, Deutsche Bank Aktiengesellschaft Analyst Says

Forterra (LON:FORT) had its price objective boosted by Deutsche Bank Aktiengesellschaft from GBX 260 ($3.27) to GBX 320 ($4.03) in a research note issued to investors on Thursday, Marketbeat reports. The firm currently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s price target indicates a potential upside of 105.13% from the stock’s current price.

Forterra Trading Up 0.1 %

LON FORT traded up GBX 0.20 ($0.00) on Thursday, reaching GBX 156 ($1.96). The company had a trading volume of 464,248 shares, compared to its average volume of 759,795. The firm has a market cap of £320.39 million, a price-to-earnings ratio of 40.67, a P/E/G ratio of 0.30 and a beta of 1.25. The company has a debt-to-equity ratio of 59.58, a current ratio of 1.79 and a quick ratio of 0.82. Forterra has a fifty-two week low of GBX 146.40 ($1.84) and a fifty-two week high of GBX 200.50 ($2.52). The business has a 50 day moving average of GBX 162 and a two-hundred day moving average of GBX 172.47.

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.