Forterra’s (FORT) Buy Rating Reiterated at Jefferies Financial Group

Jefferies Financial Group reaffirmed their buy rating on shares of Forterra (LON:FORT) in a report issued on Wednesday,Digital Look reports. They currently have a GBX 160 price objective on the stock.

FORT has been the subject of several other reports. Berenberg Bank restated a “hold” rating and set a GBX 170 target price on shares of Forterra in a report on Wednesday. Deutsche Bank Aktiengesellschaft decreased their price target on Forterra from GBX 320 to GBX 250 and set a “buy” rating on the stock in a research note on Wednesday, May 20th. Finally, Royal Bank Of Canada lowered 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. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of GBX 198.

Forterra Stock Performance

LON FORT opened at GBX 139.60 on Wednesday. The company has a 50-day simple moving average of GBX 135.32 and a two-hundred day simple moving average of GBX 157.23. The company has a quick ratio of 0.82, a current ratio of 1.57 and a debt-to-equity ratio of 43.78. Forterra has a 12-month low of GBX 126.40 and a 12-month high of GBX 206. The firm has a market cap of £286.31 million, a price-to-earnings ratio of 17.45, a PEG ratio of 0.30 and a beta of 0.73.

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 return on equity of 7.98% and a net margin of 5.09%. On average, equities analysts forecast that Forterra will post 11.9888346 EPS for the current year.

Insider Transactions at Forterra

In other news, insider Nigel Lingwood bought 25,000 shares of the company’s stock in a transaction dated Friday, June 12th. The stock was bought at an average cost of GBX 133 per share, for a total transaction of £33,250. Also, insider Neil Ash bought 11,500 shares of the business’s stock in a transaction that occurred on Friday, June 12th. The stock was acquired at an average cost of GBX 133 per share, for a total transaction of £15,295. Over the last quarter, insiders have bought 54,000 shares of company stock valued at $7,164,500. 0.46% of the stock is currently owned by company 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.