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

Forterra plc (LON:FORT) has been assigned a consensus recommendation of “Moderate Buy” from the six analysts that are covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is GBX 209.83.

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

Forterra Stock Up 1.6%

FORT opened at GBX 139.20 on Friday. The company has a market capitalization of £287.39 million, a P/E ratio of 17.40, a P/E/G ratio of 0.30 and a beta of 0.73. 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 firm’s fifty day moving average price is GBX 142.56 and its two-hundred day moving average price is GBX 164.19. Forterra has a fifty-two week low of GBX 126.40 and a fifty-two week high of GBX 215.

Insider Activity at Forterra

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

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.