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

Shares of Forterra plc (LON:FORT) have been given a consensus recommendation of “Moderate Buy” by the six ratings firms that are currently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is GBX 209.83.

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

Insider Activity

In related news, insider Neil Ash acquired 11,500 shares of the business’s stock in a transaction dated Friday, June 12th. The shares were acquired at an average cost of GBX 133 per share, for a total transaction of £15,295. Also, insider Nigel Lingwood bought 25,000 shares of the firm’s stock in a transaction that occurred on Friday, June 12th. The stock was bought at an average cost of GBX 133 per share, for a total transaction of £33,250. Insiders acquired a total of 54,000 shares of company stock valued at $7,164,500 in the last 90 days. 0.46% of the stock is owned by company insiders.

Forterra Trading Up 1.7%

Shares of FORT stock opened at GBX 135.20 on Tuesday. The firm has a 50-day moving average price of GBX 135.63 and a 200 day moving average price of GBX 158.91. Forterra has a twelve month low of GBX 126.40 and a twelve month high of GBX 215. The company has a market capitalization of £277.29 million, a price-to-earnings ratio of 16.90, a PEG ratio of 0.30 and a beta of 0.73. The company has a current ratio of 1.46, a quick ratio of 0.82 and a debt-to-equity ratio of 34.75.

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.