Forterra’s (FORT) Buy Rating Reiterated at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft restated their buy rating on shares of Forterra (LON:FORT) in a report published on Wednesday morning,Digital Look reports. They currently have a GBX 250 target price on the stock.

A number of other analysts have also commented on FORT. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 160 price target on shares of Forterra in a research note on Wednesday. Berenberg Bank reissued a “hold” rating and set a GBX 170 price objective on shares of Forterra in a report on Wednesday. Finally, Royal Bank Of Canada lowered their price objective on shares of Forterra from GBX 195 to GBX 180 and set an “outperform” rating on the stock in a research report on Wednesday. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of GBX 198.

Forterra Trading Up 2.0%

Forterra stock opened at GBX 139.60 on Wednesday. The company has a debt-to-equity ratio of 43.78, a current ratio of 1.57 and a quick ratio of 0.82. Forterra has a one year low of GBX 126.40 and a one year high of GBX 206. The stock has a market capitalization of £286.31 million, a PE ratio of 17.45, a price-to-earnings-growth ratio of 0.30 and a beta of 0.73. The business’s fifty day moving average is GBX 135.32 and its 200 day moving average is GBX 157.23.

Forterra (LON:FORT) last released its quarterly earnings data on Tuesday, July 28th. The company reported GBX 5.10 EPS for the quarter. Forterra had a return on equity of 7.98% and a net margin of 5.09%. On average, sell-side analysts predict that Forterra will post 11.9888346 EPS for the current year.

Insiders Place Their Bets

In other news, insider Neil Ash bought 11,500 shares of the company’s stock in a transaction on Friday, June 12th. The shares were acquired at an average cost of GBX 133 per share, with a total value of £15,295. Also, insider Nigel Lingwood purchased 25,000 shares of the business’s stock in a transaction on Friday, June 12th. The shares were purchased at an average price of GBX 133 per share, with a total value of £33,250. In the last quarter, insiders have purchased 54,000 shares of company stock valued at $7,164,500. 0.46% of the stock is owned by company insiders.

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.