Forterra (LON:FORT) Price Target Raised to GBX 181

Forterra (LON:FORT) had its price objective raised by Jefferies Financial Group from GBX 160 to GBX 181 in a research report released on Monday, Marketbeat reports. The brokerage currently has a buy rating on the stock.

FORT has been the subject of several other research reports. Royal Bank Of Canada reduced their price objective on shares of Forterra from GBX 195 to GBX 180 and set an “outperform” rating for the company in a research note on Wednesday, July 29th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 250 target price on shares of Forterra in a research note on Wednesday, July 29th. Finally, Berenberg Bank reissued a “hold” rating and issued a GBX 170 price target on shares of Forterra in a report on Wednesday, July 29th. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of GBX 202.20.

Forterra Stock Up 2.4%

Shares of LON FORT opened at GBX 152.60 on Monday. The company has a quick ratio of 0.82, a current ratio of 1.57 and a debt-to-equity ratio of 43.78. The company has a market cap of £308.13 million, a P/E ratio of 16.77, a P/E/G ratio of 0.30 and a beta of 0.73. Forterra has a 52 week low of GBX 126.40 and a 52 week high of GBX 200. The business has a 50-day simple moving average of GBX 136.81 and a two-hundred day simple moving average of GBX 155.49.

Forterra (LON:FORT) last announced its quarterly earnings results on Tuesday, July 28th. The company reported GBX 5.10 earnings per share for the quarter. Forterra had a return on equity of 7.98% and a net margin of 5.09%. Research analysts anticipate that Forterra will post 11.9888346 earnings per share for the current fiscal year.

Insider Activity at Forterra

In related news, insider Neil Ash acquired 17,500 shares of the firm’s stock in a transaction that occurred on Friday, June 12th. The shares were bought at an average cost of GBX 132 per share, for a total transaction of £23,100. Also, insider Nigel Lingwood bought 25,000 shares of the 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. Over the last 90 days, insiders purchased 54,000 shares of company stock worth $7,164,500. 0.47% of the stock is owned by company insiders.

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.