Insider Buying: Forterra (LON:FORT) Insider Purchases £39,942.72 in Stock

Forterra plc (LON:FORT) insider Gavin Hill bought 28,944 shares of the business’s stock in a transaction on Thursday, September 17th. The shares were purchased at an average cost of GBX 138 per share, with a total value of £39,942.72.

Forterra Stock Down 0.6%

FORT stock opened at GBX 138 on Friday. The stock has a market capitalization of £277.56 million, a price-to-earnings ratio of 15.16, a price-to-earnings-growth ratio of 0.30 and a beta of 0.73. The company has a 50-day moving average of GBX 141.08 and a two-hundred day moving average of GBX 145.89. Forterra plc has a 52-week low of GBX 126.40 and a 52-week high of GBX 200. 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 (LON:FORT) last posted 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%. As a group, equities research analysts anticipate that Forterra plc will post 11.9888346 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Jefferies Financial Group upped their price target on Forterra from GBX 160 to GBX 181 and gave the stock a “buy” rating in a report on Monday, August 10th. 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 note on Wednesday, July 29th. Berenberg Bank reaffirmed a “hold” rating and set a GBX 170 target price on shares of Forterra in a research report on Wednesday, July 29th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 250 target price on shares of Forterra in a research note 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’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of GBX 202.20.

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.