Forterra plc (LON:FORT) Given Average Recommendation of “Moderate Buy” by Brokerages

Forterra plc (LON:FORT) has received a consensus recommendation of “Moderate Buy” from the six analysts that are presently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is GBX 234.67.

Several equities analysts recently issued reports on the company. Peel Hunt restated an “add” rating and set a GBX 230 price objective on shares of Forterra in a research note on Tuesday, November 11th. Berenberg Bank reaffirmed a “hold” rating and set a GBX 220 price objective on shares of Forterra in a research report on Monday, September 8th. Royal Bank Of Canada cut their target price on shares of Forterra from GBX 250 to GBX 220 and set an “outperform” rating on the stock in a report on Wednesday, October 15th. Finally, Jefferies Financial Group decreased their target price on Forterra from GBX 261 to GBX 208 and set a “buy” rating for the company in a research note on Monday, October 20th.

Insider Transactions at Forterra

In other news, insider Nigel Lingwood purchased 50,000 shares of the stock in a transaction dated Thursday, October 23rd. The shares were bought at an average cost of GBX 180 per share, for a total transaction of £90,000. 0.45% of the stock is owned by corporate insiders.

Forterra Stock Down 0.9%

FORT stock opened at GBX 180 on Monday. The company has a current ratio of 1.79, a quick ratio of 0.82 and a debt-to-equity ratio of 59.58. The firm has a 50 day simple moving average of GBX 180.47 and a 200-day simple moving average of GBX 188.90. The company has a market capitalization of £379.65 million, a P/E ratio of 24.32, a PEG ratio of 0.30 and a beta of 1.25. Forterra has a twelve month low of GBX 150 and a twelve month high of GBX 215.

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.