Neil Ash Buys 17,500 Shares of Forterra (LON:FORT) Stock

Forterra plc (LON:FORT) insider Neil Ash purchased 17,500 shares of the company’s stock in a transaction that occurred on Friday, June 12th. The shares were acquired at an average cost of GBX 132 per share, with a total value of £23,100.

Neil Ash also recently made the following trade(s):

• On Friday, June 12th, Neil Ash purchased 11,500 shares of Forterra stock. The shares were acquired at an average cost of GBX 133 per share, with a total value of £15,295.

Forterra Trading Down 0.3%

FORT opened at GBX 130.80 on Tuesday. 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 market cap of £270.04 million, a price-to-earnings ratio of 16.35, a price-to-earnings-growth ratio of 0.30 and a beta of 0.73. The firm has a 50 day simple moving average of GBX 150.23 and a 200 day simple moving average of GBX 168.49. Forterra plc has a fifty-two week low of GBX 126.40 and a fifty-two week high of GBX 215.

Analyst Ratings Changes

FORT has been the subject of a number of recent research reports. Jefferies Financial Group reissued a “buy” rating and set a GBX 204 price target on shares of Forterra in a research note on Wednesday, May 20th. Berenberg Bank lowered their target price on shares of Forterra from GBX 220 to GBX 170 and set a “hold” rating for the company in a research note on Wednesday, May 20th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Forterra from GBX 320 to GBX 250 and set a “buy” rating for the company in a research note on Wednesday, May 20th. Finally, 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 research note on Wednesday, May 20th. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Forterra presently has a consensus rating of “Moderate Buy” and an average target price of GBX 209.83.

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.