Forterra (LON:FORT) Insider Aysegul Sabanci Purchases 5,000 Shares of Stock

Forterra plc (LON:FORT) insider Aysegul Sabanci purchased 5,000 shares of the firm’s stock in a transaction on Monday, September 28th. The shares were acquired at an average cost of GBX 158 per share, for a total transaction of £7,900.

Forterra Trading Up 18.2%

FORT stock opened at GBX 162 on Tuesday. Forterra plc has a 1-year low of GBX 126.40 and a 1-year high of GBX 200. The company has a debt-to-equity ratio of 43.78, a current ratio of 1.57 and a quick ratio of 0.82. The company has a market capitalization of £325.83 million, a price-to-earnings ratio of 17.80, a PEG ratio of 0.30 and a beta of 0.73. The business has a 50 day simple moving average of GBX 141.65 and a two-hundred day simple moving average of GBX 145.67.

Forterra (LON:FORT) last announced its quarterly earnings data on Tuesday, July 28th. The company reported GBX 5.10 earnings per share (EPS) for the quarter. Forterra had a net margin of 5.09% and a return on equity of 7.98%. Research analysts anticipate that Forterra plc will post 11.9888346 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have issued reports on FORT. Jefferies Financial Group lifted their price target on shares of Forterra from GBX 160 to GBX 181 and gave the company a “buy” rating in a report on Monday, August 10th. Berenberg Bank restated a “hold” rating and set a GBX 170 price objective on shares of Forterra in a research report on Wednesday, July 29th. Royal Bank Of Canada cut their price objective on Forterra from GBX 195 to GBX 180 and set an “outperform” rating for the company in a research report on Wednesday, July 29th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 250 target price on shares of Forterra in a report on Wednesday, July 29th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Forterra has a consensus rating of “Moderate Buy” and a consensus price target of GBX 202.20.

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.