Forterra (FORT) Given Add Rating at Peel Hunt

Forterra (LON:FORT)‘s stock had its “add” rating reissued by investment analysts at Peel Hunt in a research report issued to clients and investors on Monday, Digital Look reports. They presently have a GBX 325 ($4.25) price objective on the stock. Peel Hunt’s target price would suggest a potential upside of 8.70% from the stock’s previous close.

Several other research firms have also recently commented on FORT. Numis Securities restated an “add” rating and set a GBX 350 ($4.57) target price on shares of Forterra in a research report on Wednesday, April 3rd. Berenberg Bank cut Forterra to a “hold” rating and reduced their target price for the stock from GBX 300 ($3.92) to GBX 290 ($3.79) in a research report on Monday, January 28th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of GBX 336.40 ($4.40).

Forterra stock opened at GBX 299 ($3.91) on Monday. Forterra has a 52 week low of GBX 207 ($2.70) and a 52 week high of GBX 339.50 ($4.44). The company has a debt-to-equity ratio of 48.29, a current ratio of 1.26 and a quick ratio of 0.78. The stock has a market cap of $587.82 million and a P/E ratio of 11.46.

In other news, insider Vince Niblett acquired 6,570 shares of the business’s stock in a transaction dated Friday, April 5th. The stock was purchased at an average cost of GBX 303 ($3.96) per share, for a total transaction of £19,907.10 ($26,012.15). Also, insider Stephen Harrison sold 96,252 shares of the company’s stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of GBX 288 ($3.76), for a total value of £277,205.76 ($362,218.42). Insiders bought a total of 13,570 shares of company stock valued at $4,112,710 over the last quarter.

About Forterra

Forterra plc manufactures and sells masonry products in the United Kingdom. It operates through three segments: Bricks, Blocks, and Bespoke Products. The company offers bricks; aircrete and aggregate blocks; and bespoke products comprising precast concrete flooring, concrete block paving, and chimney and roofing components, as well as other building products under the London Brick, Butterley Brick, Ecostock, Cradley, Thermalite, Conbloc, Bison Precast, Jetfloor, Red Bank, and Formpave brand names.

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Analyst Recommendations for Forterra (LON:FORT)

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