Forterra (LON:FORT) Posts Quarterly Earnings Results

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

Forterra Stock Performance

Shares of FORT opened at GBX 160.80 ($2.08) on Friday. The stock has a market capitalization of £330.25 million, a P/E ratio of 41.92, 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 quick ratio of 0.82 and a current ratio of 1.79. Forterra has a 1 year low of GBX 146.40 ($1.90) and a 1 year high of GBX 200.50 ($2.60). The company’s fifty day moving average is GBX 158.87 and its two-hundred day moving average is GBX 170.88.

Analyst Upgrades and Downgrades

Several research firms have commented on FORT. 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 research note on Thursday, February 20th. Royal Bank of Canada increased their target price on Forterra from GBX 210 ($2.72) to GBX 220 ($2.85) and gave the company an “outperform” rating in a report on Thursday. Finally, Berenberg Bank restated a “hold” rating and set a GBX 170 ($2.20) price objective on shares of Forterra in a research report on Wednesday.

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.