Forterra plc (LON:FORT) Receives GBX 234.67 Average Target Price from Analysts

Forterra plc (LON:FORT) has received an average rating of “Moderate Buy” from the six brokerages that are covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is GBX 234.67.

A number of brokerages have recently weighed in on FORT. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 320 price target on shares of Forterra in a research report on Wednesday, July 30th. Royal Bank Of Canada dropped their target price on shares of Forterra from GBX 250 to GBX 220 and set an “outperform” rating for the company in a report on Wednesday, October 15th. Jefferies Financial Group cut their target price on shares of Forterra from GBX 261 to GBX 208 and set a “buy” rating for the company in a research report on Monday, October 20th. Berenberg Bank reissued a “hold” rating and set a GBX 220 price objective on shares of Forterra in a research note on Monday, September 8th. Finally, Citigroup upped their target price on Forterra from GBX 176 to GBX 210 and gave the company a “neutral” rating in a research note on Wednesday, July 30th.

Forterra Stock Performance

FORT opened at GBX 178.80 on Thursday. Forterra has a 1-year low of GBX 150 and a 1-year high of GBX 215. The stock has a market cap of £377.11 million, a P/E ratio of 24.16, a P/E/G ratio of 0.30 and a beta of 1.25. The stock’s 50 day simple moving average is GBX 183.52 and its 200 day simple moving average is GBX 189.99. The company has a debt-to-equity ratio of 59.58, a current ratio of 1.79 and a quick ratio of 0.82.

Insiders Place Their Bets

In other news, insider Nigel Lingwood bought 50,000 shares of Forterra stock in a transaction on Thursday, October 23rd. The shares were bought at an average cost of GBX 180 per share, for a total transaction of £90,000. Insiders own 0.45% of the company’s stock.

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.