Forterra PLC (LON:FORT) Insider Acquires £20,925 in Stock
Forterra PLC (LON:FORT) insider Martin Sutherland purchased 7,500 shares of the company’s stock in a transaction that occurred on Tuesday, August 8th. The shares were purchased at an average cost of GBX 279 ($3.63) per share, for a total transaction of £20,925 ($27,249.64).
Forterra PLC (LON FORT) traded down 0.36% on Tuesday, reaching GBX 278.25. 96,596 shares of the company’s stock were exchanged. Forterra PLC has a 12 month low of GBX 140.00 and a 12 month high of GBX 281.75. The firm’s market capitalization is GBX 556.50 million. The firm has a 50-day moving average of GBX 262.33 and a 200-day moving average of GBX 229.31.
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Several research firms recently issued reports on FORT. Jefferies Group LLC lifted their price target on shares of Forterra PLC from GBX 370 ($4.82) to GBX 380 ($4.95) and gave the stock a “buy” rating in a research note on Wednesday, August 2nd. Berenberg Bank boosted their target price on shares of Forterra PLC from GBX 320 ($4.17) to GBX 340 ($4.43) and gave the stock a “buy” rating in a research report on Tuesday. Peel Hunt reissued a “buy” rating and issued a GBX 330 ($4.30) target price on shares of Forterra PLC in a research report on Tuesday, August 1st. Deutsche Bank AG reissued a “buy” rating on shares of Forterra PLC in a research report on Monday, July 17th. Finally, BNP Paribas reissued an “outperform” rating and issued a GBX 320 ($4.17) target price on shares of Forterra PLC in a research report on Thursday, July 20th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of GBX 293.75 ($3.83).
Forterra PLC 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.
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