Analysts Set Forterra plc (LON:FORT) Target Price at GBX 234.67

Shares of Forterra plc (LON:FORT) have earned a consensus rating of “Moderate Buy” from the six research firms that are covering the company, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is GBX 234.67.

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

Forterra Price Performance

Shares of FORT stock opened at GBX 177.20 on Monday. The company has a debt-to-equity ratio of 59.58, a quick ratio of 0.82 and a current ratio of 1.79. Forterra has a fifty-two week low of GBX 150 and a fifty-two week high of GBX 215. The firm has a market cap of £373.74 million, a P/E ratio of 23.95, a P/E/G ratio of 0.30 and a beta of 1.25. The business’s 50 day moving average price is GBX 179.97 and its 200-day moving average price is GBX 188.67.

Insider Activity at Forterra

In other news, insider Nigel Lingwood purchased 50,000 shares of the company’s stock in a transaction that occurred on 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 currently owned by 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.