Forterra (LON:FORT) Receives Hold Rating from Berenberg Bank

Forterra (LON:FORT)‘s stock had its “hold” rating reissued by investment analysts at Berenberg Bank in a research note issued on Wednesday,Digital Look reports. They currently have a GBX 170 price objective on the stock. Berenberg Bank’s price objective points to a potential upside of 23.01% from the company’s current price.

Other equities analysts also recently issued reports about the stock. Royal Bank Of Canada cut their price target on shares of 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 decreased 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. Finally, Jefferies Financial Group restated a “buy” rating and set a GBX 204 target price on shares of Forterra in a research report on Wednesday, May 20th. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 207.33.

Forterra Stock Up 0.1%

LON FORT opened at GBX 138.20 on Wednesday. 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 company has a fifty day moving average of GBX 135.32 and a two-hundred day moving average of GBX 158.02. The firm has a market capitalization of £283.44 million, a price-to-earnings ratio of 17.27, a PEG 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 210.

Forterra (LON:FORT) last announced its earnings results on Tuesday, July 28th. The company reported GBX 4.10 earnings per share for the quarter. Forterra had a net margin of 4.40% and a return on equity of 7.33%. On average, analysts predict that Forterra will post 11.9888346 earnings per share for the current year.

Insider Transactions at Forterra

In related news, insider Nigel Lingwood bought 25,000 shares of Forterra stock in a transaction dated Friday, June 12th. The shares were acquired at an average cost of GBX 133 per share, with a total value of £33,250. Also, insider Neil Ash bought 11,500 shares of Forterra stock in a transaction dated Friday, June 12th. The shares were bought at an average cost of GBX 133 per share, for a total transaction of £15,295. Insiders have purchased a total of 54,000 shares of company stock valued at $7,164,500 in the last quarter. 0.46% of the stock is currently 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.