Forterra plc (LON:FORT) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Forterra plc (LON:FORT) have received an average recommendation of “Moderate Buy” from the six analysts that are covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is GBX 209.83.

Several research analysts have recently weighed in on the company. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 204 price objective on shares of Forterra in a research report on Wednesday, May 20th. Berenberg Bank reduced their target price on shares of Forterra from GBX 220 to GBX 170 and set a “hold” rating for the company in a report on Wednesday, May 20th. Royal Bank Of Canada reduced their target price on shares of Forterra from GBX 220 to GBX 195 and set an “outperform” rating for the company in a report on Wednesday, May 20th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on shares of Forterra from GBX 320 to GBX 250 and set a “buy” rating for the company in a report on Wednesday, May 20th.

Forterra Price Performance

FORT stock opened at GBX 136.80 on Friday. The company has a debt-to-equity ratio of 34.75, a current ratio of 1.46 and a quick ratio of 0.82. The stock has a market capitalization of £282.43 million, a P/E ratio of 17.10, a P/E/G ratio of 0.30 and a beta of 0.73. The business has a 50-day moving average of GBX 145.44 and a 200-day moving average of GBX 165.67. Forterra has a fifty-two week low of GBX 126.40 and a fifty-two week high of GBX 215.

Insiders Place Their Bets

In related news, insider Neil Ash bought 11,500 shares of the business’s stock in a transaction dated Friday, June 12th. The stock was bought at an average price of GBX 133 per share, for a total transaction of £15,295. Also, insider Nigel Lingwood bought 25,000 shares of the business’s stock in a transaction dated Friday, June 12th. The shares were bought at an average price of GBX 133 per share, with a total value of £33,250. In the last quarter, insiders acquired 54,000 shares of company stock valued at $7,164,500. Corporate insiders own 0.45% of the company’s stock.

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.