Forterra plc (LON:FORT) Receives GBX 209.83 Average PT from Brokerages

Forterra plc (LON:FORT) has been assigned a consensus recommendation of “Moderate Buy” from the six analysts that are currently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is GBX 209.83.

A number of research firms recently issued reports on FORT. Royal Bank Of Canada lowered their target price on shares of Forterra from GBX 220 to GBX 195 and set an “outperform” rating for the company in a report on Wednesday, May 20th. Berenberg Bank decreased their price target on shares of Forterra from GBX 220 to GBX 170 and set a “hold” rating on the stock in a report on Wednesday, May 20th. Jefferies Financial Group reissued a “buy” rating and set a GBX 204 price objective on shares of Forterra in a research note on Wednesday, May 20th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on Forterra from GBX 320 to GBX 250 and set a “buy” rating for the company in a report on Wednesday, May 20th.

Forterra Trading Down 2.9%

LON FORT opened at GBX 133 on Tuesday. The company has a market cap of £272.78 million, a P/E ratio of 16.62, a P/E/G ratio of 0.30 and a beta of 0.73. Forterra has a 12 month low of GBX 126.40 and a 12 month high of GBX 215. The company has a debt-to-equity ratio of 34.75, a current ratio of 1.46 and a quick ratio of 0.82. The company has a 50-day moving average of GBX 135.93 and a 200-day moving average of GBX 159.08.

Insiders Place Their Bets

In other news, insider Nigel Lingwood purchased 25,000 shares of the stock in a transaction on Friday, June 12th. The stock was purchased at an average price of GBX 133 per share, with a total value of £33,250. Also, insider Neil Ash purchased 17,500 shares of the company’s stock in a transaction on Friday, June 12th. The shares were purchased at an average price of GBX 132 per share, with a total value of £23,100. Insiders purchased 54,000 shares of company stock worth $7,164,500 in the last quarter. 0.46% of the stock is owned by insiders.

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.