Forterra (LON:FORT) Shares Climb 0.4% – Should You Buy?

Shares of Forterra plc (LON:FORT) traded up 0.4% during trading on Monday. The stock traded as high as GBX 158.20 and last traded at GBX 158. Approximately 499,952 shares were traded during mid-day trading, a decline of 64% from the average daily volume of 1,377,537 shares. The stock had previously closed at GBX 157.40.

Wall Street Analyst Weigh In

Several research firms have recently commented on FORT. Jefferies Financial Group raised their price objective on shares of Forterra from GBX 160 to GBX 181 and gave the company a “buy” rating in a research note on Monday, August 10th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 250 price objective on shares of Forterra in a research report on Wednesday, July 29th. Berenberg Bank reiterated a “hold” rating and set a GBX 170 price target on shares of Forterra in a report on Wednesday, July 29th. Finally, Royal Bank Of Canada decreased their price objective on shares of Forterra from GBX 195 to GBX 180 and set an “outperform” rating for the company in a research report on Wednesday, July 29th. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Forterra currently has a consensus rating of “Moderate Buy” and an average target price of GBX 202.20.

Forterra Price Performance

The company has a debt-to-equity ratio of 43.78, a current ratio of 1.57 and a quick ratio of 0.82. The firm has a market cap of £316.86 million, a price-to-earnings ratio of 17.45, a PEG ratio of 0.30 and a beta of 0.73. The stock has a 50-day moving average price of GBX 144.76 and a 200 day moving average price of GBX 144.56.

Forterra (LON:FORT) last issued its quarterly earnings data 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%. As a group, equities research analysts forecast that Forterra plc will post 11.99 earnings per share for the current fiscal year.

Insider Activity at Forterra

In other Forterra news, insider Gina Jardine purchased 13,313 shares of the firm’s stock in a transaction that occurred on Tuesday, September 22nd. The shares were purchased at an average cost of GBX 138 per share, for a total transaction of £18,371.94. Also, insider Aysegul Sabanci purchased 5,000 shares of the stock in a transaction dated Monday, September 28th. The shares were bought at an average cost of GBX 158 per share, for a total transaction of £7,900. Insiders bought a total of 47,257 shares of company stock worth $6,621,466 over the last 90 days. Company insiders own 0.45% of the company’s stock.

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.