Forterra (LON:FORT) Coverage Initiated by Analysts at Royal Bank of Canada

Royal Bank of Canada began coverage on shares of Forterra (LON:FORT) in a research note released on Thursday morning, MarketBeat reports. The firm issued an outperform rating and a GBX 210 ($2.66) price objective on the stock.

Several other equities research analysts have also recently commented on the company. Berenberg Bank restated a hold rating and set a GBX 170 ($2.15) price target on shares of Forterra in a research note on Tuesday, May 21st. Jefferies Financial Group reiterated a hold rating and issued a GBX 162.60 ($2.06) price objective on shares of Forterra in a research report on Thursday, June 27th.

Forterra Price Performance

Forterra stock opened at GBX 177.20 ($2.24) on Thursday. Forterra has a 12 month low of GBX 122.20 ($1.55) and a 12 month high of GBX 190.60 ($2.41). The company has a debt-to-equity ratio of 64.20, a current ratio of 1.56 and a quick ratio of 0.82. The business has a 50 day simple moving average of GBX 166.80 and a 200-day simple moving average of GBX 167.78. The stock has a market capitalization of £366.63 million, a PE ratio of 2,910.00, a price-to-earnings-growth ratio of 0.66 and a beta of 1.24.

Forterra Company Profile

Forterra plc engages in the manufacture and sale of building products in the United Kingdom. The company operates through three segments: Bricks, Blocks, and Bespoke Products. It offers bricks; aircrete and aggregate blocks for internal and external applications, such as foundations, floors and walls, and detailing; bespoke precast concrete products comprising jetfloor, hollowcore, beam and block, and flooring, as well as box culverts, omnia bridge decks, and retaining walls for infrastructure; and crosswall frames, stairs and landings, stadia components, and columns and beams for structural projects.