Forterra plc (LON:FORT) Receives GBX 209.83 Consensus PT from Analysts

Forterra plc (LON:FORT) has earned a consensus rating of “Moderate Buy” from the six research firms that are currently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and four have given 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 209.83.

A number of analysts have weighed in on FORT shares. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Forterra from GBX 320 to GBX 250 and set a “buy” 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 report on Wednesday, May 20th. Royal Bank Of Canada cut their target price on shares of Forterra from GBX 220 to GBX 195 and set an “outperform” rating on the stock in a report on Wednesday, May 20th. Finally, Berenberg Bank cut their target price 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.

Forterra Stock Down 0.1%

FORT stock opened at GBX 135 on Friday. The company has a current ratio of 1.46, a quick ratio of 0.82 and a debt-to-equity ratio of 34.75. Forterra has a twelve month low of GBX 126.40 and a twelve month high of GBX 215. The company’s 50 day moving average is GBX 143.64 and its two-hundred day moving average is GBX 164.79. The stock has a market cap of £278.72 million, a P/E ratio of 16.88, a PEG ratio of 0.30 and a beta of 0.73.

Insiders Place Their Bets

In other Forterra news, insider Neil Ash bought 17,500 shares of the business’s stock in a transaction dated Friday, June 12th. The shares were acquired at an average cost of GBX 132 per share, with a total value of £23,100. Also, insider Nigel Lingwood bought 25,000 shares of the business’s stock in a transaction dated Friday, June 12th. The stock was acquired at an average cost of GBX 133 per share, for a total transaction of £33,250. Insiders bought a total of 54,000 shares of company stock worth $7,164,500 over the last ninety days. Corporate insiders own 0.45% of the company’s stock.

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.