Analysts Set Forterra plc (LON:FORT) Price Target at GBX 209.83

Shares of Forterra plc (LON:FORT) have been assigned an average recommendation of “Moderate Buy” from the six ratings firms that are covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is GBX 209.83.

FORT has been the topic of several research reports. Royal Bank Of Canada dropped their price objective on Forterra from GBX 220 to GBX 195 and set an “outperform” rating on the stock in a report on Wednesday, May 20th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Forterra from GBX 320 to GBX 250 and set a “buy” rating for the company in a research note on Wednesday, May 20th. Jefferies Financial Group reiterated a “buy” rating and set a GBX 204 target price on shares of Forterra in a research report on Wednesday, May 20th. Finally, Berenberg Bank dropped their price objective 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.

Forterra Price Performance

FORT stock opened at GBX 139 on Tuesday. The company has a quick ratio of 0.82, a current ratio of 1.46 and a debt-to-equity ratio of 34.75. The stock has a market cap of £285.08 million, a price-to-earnings ratio of 17.38, a price-to-earnings-growth ratio of 0.30 and a beta of 0.73. The business has a fifty day moving average of GBX 135.36 and a two-hundred day moving average of GBX 158.36. Forterra has a 52-week low of GBX 126.40 and a 52-week high of GBX 215.

Insider Buying and Selling

In other Forterra news, insider Neil Ash acquired 17,500 shares of the firm’s stock in a transaction on Friday, June 12th. The stock was 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 business’s stock in a transaction dated Friday, June 12th. The stock was acquired at an average cost of GBX 133 per share, for a total transaction of £33,250. Over the last ninety days, insiders have acquired 54,000 shares of company stock worth $7,164,500. 0.46% of the stock is currently owned by corporate 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.