Deutsche Bank Aktiengesellschaft Issues Positive Forecast for Forterra (LON:FORT) Stock Price

Forterra (LON:FORT) had its price target upped by Deutsche Bank Aktiengesellschaft from GBX 260 ($3.29) to GBX 320 ($4.05) in a research note released on Thursday, MarketBeat.com reports. The firm currently has a buy rating on the stock.

Forterra Stock Up 0.4 %

FORT stock opened at GBX 156.60 ($1.98) on Thursday. The company has a debt-to-equity ratio of 59.58, a quick ratio of 0.82 and a current ratio of 1.79. The company has a market capitalization of £321.63 million, a price-to-earnings ratio of 40.83, a PEG ratio of 0.30 and a beta of 1.25. Forterra has a fifty-two week low of GBX 146.40 ($1.86) and a fifty-two week high of GBX 200.50 ($2.54). The stock has a fifty day moving average of GBX 161.56 and a 200-day moving average of GBX 172.34.

About Forterra

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.