Forterra (LON:FORT) Stock Jumps 0.4% – Should You Buy?

Forterra plc (LON:FORT) shot up 0.4% during trading on Monday. The company traded as high as GBX 169 and last traded at GBX 167.80. Approximately 190,274 shares changed hands during trading, a decline of 89% from the average session volume of 1,663,203 shares. The stock had previously closed at GBX 167.12.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on FORT. Berenberg Bank restated a “hold” rating and set a GBX 150 price target on shares of Forterra in a research report on Wednesday. Deutsche Bank reaffirmed a “buy” rating and issued a GBX 250 price objective on shares of Forterra in a research report on Wednesday, July 29th. Jefferies Financial Group boosted their target price on shares of Forterra from GBX 160 to GBX 181 and gave the company a “buy” rating in a research note on Monday, August 10th. Finally, Royal Bank Of Canada reduced their target price on shares of Forterra from GBX 195 to GBX 180 and set an “outperform” rating for the company in a research report on Wednesday, July 29th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 190.25.

Forterra Price Performance

The company has a current ratio of 1.57, a quick ratio of 0.82 and a debt-to-equity ratio of 43.78. The business has a 50-day moving average price of GBX 150.34 and a 200 day moving average price of GBX 153.59. The stock has a market cap of £313.13 million, a PE ratio of 17.38, a PEG ratio of 0.30 and a beta of 0.73.

Insider Buying and Selling

In other Forterra news, insider Aysegul Sabanci acquired 5,000 shares of the company’s stock in a transaction on Monday, September 28th. The shares were acquired at an average cost of GBX 158 per share, with a total value of £7,900. Also, insider Gavin Hill bought 28,944 shares of the business’s stock in a transaction on Thursday, September 17th. The shares were acquired at an average price of GBX 138 per share, with a total value of £39,942.72. In the last 90 days, insiders bought 47,257 shares of company stock valued at $6,621,466. 0.50% 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.